Market Conditions: - trend reversal - bullish sentiment in the market
Key Level and Lines: - $30.38 resistance
Trading Ideas: - go long after a consolidation below the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Comment
Plan A failed. The price bounced from the resistance.
Plan B gave a short trade. The price reached the 1st profit target = 1:3 r/r ratio.
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.