Short The Resistance
Updated
Last week we broke out from price range. For a few days the price did not move much at all.
Since we have broken out this is a bullish sign.
But we are close to long term resistance shown with the red arrow so the price may have topped.
Stop loss and TP shown on chart, lets see how this goes.
US markets closed Monday so we may not see real direction until Tuesday night.
Since we have broken out this is a bullish sign.
But we are close to long term resistance shown with the red arrow so the price may have topped.
Stop loss and TP shown on chart, lets see how this goes.
US markets closed Monday so we may not see real direction until Tuesday night.
Note
Touched long term resistance line @ 1274 and is heading down. Risk reward is good here, I added another short @ 1272
Trade closed: stop reached
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