We can clearly see on the 1D chart that the long term trend line is just above the top of the Bollinger Bands.
I would open a short position from either 7800 or 7950-8000 levels. with a stop loss right above 8100 level
Pushing through the 200EMA will be a hard task too which currently hovers around 8400.
I would open a short position from either 7800 or 7950-8000 levels. with a stop loss right above 8100 level
Pushing through the 200EMA will be a hard task too which currently hovers around 8400.