Description
⋅ Bearish elements:
- Weekly RSI crossing down its neutral zone
- Weekly MACD negative
- 2h RSI broke its bullish support
- Bearish divergence on 2h MACD
An ideal trade would be from 2790 to 2720. However we have the monthly pivot in the way around 2776.
Proposed trade:
Direction: short
Entry: 2790
Target: 2640
Stop: 2870
Reward / Risk ratio: 2
The ratio is not great so be extra careful.