This chart likely reflects a short setup where the trader expects the price to:
Test resistance near 3,330.
Fail to break above and start a downtrend.
Reach a target near 3,250.
If you're planning to trade this setup, you'd ideally want to:
Watch for confirmation of a reversal near 3,330.
Use stop-loss management above 3,360 (resistance).
Set your target at or just above 3,250.
Would you like help creating a trading plan based on this chart?
Test resistance near 3,330.
Fail to break above and start a downtrend.
Reach a target near 3,250.
If you're planning to trade this setup, you'd ideally want to:
Watch for confirmation of a reversal near 3,330.
Use stop-loss management above 3,360 (resistance).
Set your target at or just above 3,250.
Would you like help creating a trading plan based on this chart?
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.
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.