We have been ranging for a while now, and the stochastic is negative. For a 4-hourly chart a negative stochastic can reach a 1.30 points down move to satisfy the stochastic. This means from 13.80 back to 12.50, and the cloud support is 12.00 right now.
I suggest remain short, or go short current 13.8000-14.15 and keep stop-loss 14.35 still.
Profit order 12.25-12.50. After we have reached that we re-access the market.
I suggest remain short, or go short current 13.8000-14.15 and keep stop-loss 14.35 still.
Profit order 12.25-12.50. After we have reached that we re-access the market.