The market has broken out 1300-1310 levels and it converted to a strong resistance.The market is pulling back this resistance.
The 0.618 retracement of the prevous decline also locates at 1305 level.
So it will be a good opprtunity to sell short at 1305-1310 levels when bearish candles appear.
SL:above 1320
TP1:1275
TP2:1250 and further more
The 0.618 retracement of the prevous decline also locates at 1305 level.
So it will be a good opprtunity to sell short at 1305-1310 levels when bearish candles appear.
SL:above 1320
TP1:1275
TP2:1250 and further more
Trade active
Comment:
The market moves as expected.
Comment:
TP1 reached.