The Chart is pretty much self explanatory. This is not Trading advice but is what I am doing. New longs are off the table at this location. This is where I manage my trade and stalk to take profits.
Have a Profitable Day !!
For those that still have a long on, I will be waiting for the US session to open where retails greed from seeing the overnight move will set in and give us a push up this morning. An exhaustion move would be ideal into the 1300 region that is marked for taking profits.
If you didn't get the short the first time , we are looking now for a double top. H/S preferred but will look for confirmation with 1 of a number of typical reversal signs before entering. Location is important but not a stand alone reason to enter for me in this kind of situation.