The price is hitting daily resistance and I would expect that it will be pushed back to the weekly support again. I believe, a short is favorable here.
Trade closed manually
Closing this trade as the price spent a lot of time staying around and a little below my entry. This is not ideal for a short position.
Note
Though I closed the trade earlier, the idea performed as expected. The price trading longer than expected inside the resistance zone, finally fell down and hit the target. If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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