Hello,
If we look at the 4H chart the 200 SMA is a strong resistance. If we manage to close the current candle below 200SMA then it's time to go short. Go for a big lot size with at least 100 pips TP.
If we look at the 4H chart the 200 SMA is a strong resistance. If we manage to close the current candle below 200SMA then it's time to go short. Go for a big lot size with at least 100 pips TP.
Note
We have reached our target. Put a very close SL and keep your trade open. Make sure if you hit SL your trade is still in profit. On a daily chart we have a support 78.5. If we are able to break it. It will go further down for huge profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.