Based on the chart, price reached a major resistance area and a rejection happened on Friday. This rejection can show us the weakness on buyers and on the other side It can be a good sign of entering new sellers at this area which can weight the sellers.
So based on these scenarios it can be a good opportunity for selling at this area which can provide a good risk reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So based on these scenarios it can be a good opportunity for selling at this area which can provide a good risk reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!