I don't like draw to much on the chart, as it can be very confusing, so i have to keep as simple as possible. When the trade was bullish the price got rejected from (71.689) the last trend line and respected the trend line.
And Now, after when the price got rejected from 71.689 and its on bearish trend. yes as it comes down it will buy small along the way. In the longer term it should touch at least 65.552.
We will have to wait and see, what happens to this trade.
Note: This is just a idea please trade at own risk and do a proper risk analysis before you enter this trade. I just wanted to share my idea and get some feedback from the community.
Please give a thumbs up if you like this idea.
And Now, after when the price got rejected from 71.689 and its on bearish trend. yes as it comes down it will buy small along the way. In the longer term it should touch at least 65.552.
We will have to wait and see, what happens to this trade.
Note: This is just a idea please trade at own risk and do a proper risk analysis before you enter this trade. I just wanted to share my idea and get some feedback from the community.
Please give a thumbs up if you like this idea.
Trade active:
Looks like, this trade got rejected again from the Resistance. So we are looking good. waiting for heavy fall. fingers crossed.