A bearish trend is applicable.
The ideal short entry is as close to 8.70 as possible.
Increase exposure for a break below 8.20.
Profit target is set at 7.15.
The stop-loss is set at 9.50.
The price action is at the upper range of the linear regression channel pattern.
This increases the likelihood for a mean reversion trade.
The ideal short entry is as close to 8.70 as possible.
Increase exposure for a break below 8.20.
Profit target is set at 7.15.
The stop-loss is set at 9.50.
The price action is at the upper range of the linear regression channel pattern.
This increases the likelihood for a mean reversion trade.