Based on the chart, price reached a major resistance area and a rejection happened. However this rejection is not a good proof for selling at this area right now but based on the candlestick formation and the bearish trend, a drop in price would be highly possible.
So these scenarios and good risk reward ratio at this area, lead me to consider it as a good potential area for selling.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So these scenarios and good risk reward ratio at this area, lead me to consider it as a good potential area for selling.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!