Hey Traders!
The market was moving in a uptrend.
Then it retraced back and made another "trending move" til resistance.
In the long period the trendline wich comes from above is now reaching the market and forms a resistance too.
We recommend to sell this safe "double" formation with a risk-to-reaward of 1 to 4.
Thanks and good luck :)!
The market was moving in a uptrend.
Then it retraced back and made another "trending move" til resistance.
In the long period the trendline wich comes from above is now reaching the market and forms a resistance too.
We recommend to sell this safe "double" formation with a risk-to-reaward of 1 to 4.
Thanks and good luck :)!