I like the look of the setup. We have price teetring over like a pile of jenga blocks in anti-gravity lol what? Seriously, price looks ripe to drop once I get a rejection of the 200 period Moving average then the indicators will then all be crossed to the downside signalling a move from overbought conditions to the downside. This looks very very good. Keeping in mind the reistance areas based on the projected trend lines and levels I've placed it should make for a profitable trade.
Trade active
Trade entry taken at break of previous candle low with stops above.
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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.