There is a clear setup with a Super Pivot Stack in place. Our bias is to the downside and there is a lot of resistance above our current price levels up to .90188.
Go short if the price breaks .89390 and place your stop loss at .90210. Shoot for a profit target at .87090.
Go short if the price breaks .89390 and place your stop loss at .90210. Shoot for a profit target at .87090.
Comment:
This is overdue for an update. I am trailing the stop loss now that the market has broken down (days ago:)). With such a sharp move down be patient and trail the stop loss. It can be tempting to exit before the profit target is hit, with such a strong selloff.
