The market has broken out 49.0-49.3 levels and it converted to the strong resistance.
Meanwhile the market is moving along the downward channel and the upper edge of the channel also works at this zone.
What is more,the 0.618 retracement is at 49.3 locating at this area.
So it may be a good opprtunity to sell short at 49.0-49.3 levels when the market pulls back.
SL:above 49.8
TP1:48.4
TP2:47.8 and further more
Meanwhile the market is moving along the downward channel and the upper edge of the channel also works at this zone.
What is more,the 0.618 retracement is at 49.3 locating at this area.
So it may be a good opprtunity to sell short at 49.0-49.3 levels when the market pulls back.
SL:above 49.8
TP1:48.4
TP2:47.8 and further more
Comment:
The market didn't give us the chance.
Order cancelled