1. There is a strong resistance zone (Weekly ).
2. In past Price has reversed from this zone.
3. Price is not able to break resistance.
4. RSI is moving downwards.
6. The trend is bullish in daily time frame. However in this setup we can take benifit of the retracement.
4.There is decent risk reward ratio. There will be always be good risk reward ratios in the Ideas that that I'll share.
5.Short is the call
6. Idea is published for education purposes only. Please feel free to ask questions, give constructive feedback and your views. Please hit on like, it's an incentive to me and motiviates me to share more setups.
2. In past Price has reversed from this zone.
3. Price is not able to break resistance.
4. RSI is moving downwards.
6. The trend is bullish in daily time frame. However in this setup we can take benifit of the retracement.
4.There is decent risk reward ratio. There will be always be good risk reward ratios in the Ideas that that I'll share.
5.Short is the call
6. Idea is published for education purposes only. Please feel free to ask questions, give constructive feedback and your views. Please hit on like, it's an incentive to me and motiviates me to share more setups.
Trade closed manually:
Trade was closed early becuase the price was not moving as expected.