Price appears to be ranging on this and has reached an area of previous selling pressure, this level is important as has acted a major swing point in the past now showing on this chart. has formed indicating sellers have taken control of price over the past 24 hours. Because this area is known to contain sellers and has formed I am biased towards a downward move. Reward is 2. Entry could be placed at break of the low of the and target at next level of support.
Trade closed: stop reached