what i find interesting here is that seeing this chart from a wider perspective in the monthly is that it actually got to a very strong area which has been rejecting for a long time based on the weekly and daily i would expect sells in the long term however getting a bit closer i think the price will need to make a pullbak which would lead back to the 50-52.5 zone here i woul find an interesting zone for sells but it all depends in the structure it shows in the 4-2 hours time frame and how it rejects the current zone
Trade closed: target reached
tp 1 reached it already hitted my first tp which i consider a pullback right now all that is left is to wait for the main movement. ill be expecting it to start making a bearish structure in its current area or maybe go a bit higher and reach the key zone a sublighted
Trade active
as mentioned before i was expecting a main bearish movement i took it already (tigh risk ) since there are still chances of the price reaching a higher zone
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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.