The price broke the local uptrend line. The market forms a double top, a trend reversal signal. We can expect a pullback based on higher timeframes as the market have made a good upward movement. It gives us a possible sell opportunity.
Risk per trade must be no more than 1% of your capital. If the price breaks the stop level, we will have to search for a new trade opportunity. If the price reaches 1473.00, move stop orders to breakeven.
Definitely hitting a resistance at 1480/1490 level. Could still break yet but should fail at 1520 level ultimately before heading towards fibo 1.618 short target level.
asgcorp
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nice update, thanks for sharing, buddy.
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dlb89us1
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Undecided, the DX index is hitting lower highs and lower lows, might still have a little way to go! Sure am keeping a close eye on it! Hope you caught the bump up. Definitely will wait for the drop below 1478.20, which appears to be under the 200SMA on the 1min chart.