Bearish Setup -Price was in an uptrend but now it has stopped making higher highs. -RSI is also showing bearish divergence -The price point has also rejected from resistance
XPT Short - TVC:DXY strength warrants OANDA:XPTUSD bearish view - Trend is negative - Diminished price-volume support below 884 - Looking to short on confirmed support break(blue line on intraday chart - Alternative thesis on TVC:DXY weakness, might see a jump off support and retrace to 906. Will look to long at that level.
XPT/USD is currently in a bearish free falling trend. No retaliation has yet been met. We can expect it to continue further below until a strong support and consolidation is undergoing which would mark it's reversal point. Risk management is an important pillar of trading succesfully. Wish you all the best!