Main items we can see on the chart:
a) The price has Reached the All-time highs and failed to keep the zone
b) After the first sell-off we can see a corrective structure
c) Our expectation is that if the price breaks below the structure, that would be a confirmation for the bearish movement, towards the next support zone
d) We will take this trade to 1% risk and our Risk Reward Ratio is 2.8
a) The price has Reached the All-time highs and failed to keep the zone
b) After the first sell-off we can see a corrective structure
c) Our expectation is that if the price breaks below the structure, that would be a confirmation for the bearish movement, towards the next support zone
d) We will take this trade to 1% risk and our Risk Reward Ratio is 2.8
Trade active
Comment:
We will move the stop loss into break even at 3206