Weekly resistance has finally been hit again as we form a double top with bearish confirmation.
We are also currently sitting at the 14EMA (as well as the 50SMA) awaiting a break of this supportive area, from there my bearish leg will be confirmed an in full swing.
No major news events for the coming week either besides Retail Sales releases on Thursday. By then our trade should be in profit and hopefully our stoploss at break even.
We are also currently sitting at the 14EMA (as well as the 50SMA) awaiting a break of this supportive area, from there my bearish leg will be confirmed an in full swing.
No major news events for the coming week either besides Retail Sales releases on Thursday. By then our trade should be in profit and hopefully our stoploss at break even.
Trade closed: stop reached