Bmw has a very good risk-reward ratio for a short opportunity. Increased volumes have been detected in correspondence with a bearish closing Marubozu.
Price oscillator is moving below zero, giving confidence about the bearish cycle in place. Coppock curve is moving in a bearish modality as well.
Clear target for our short strategy is 74 euro, which represents a strong horizontal support.
Price oscillator is moving below zero, giving confidence about the bearish cycle in place. Coppock curve is moving in a bearish modality as well.
Clear target for our short strategy is 74 euro, which represents a strong horizontal support.
Trade active:
Trade is moving on our favor. Keep the position, till reaching the target at 74