GCtrade

GCtrade

Here is 2 Take Profit levels, Entry Level and Stop Loss.

GCtrade

We are waiting price to close above 54.50 price level to enter the market, after this confirmation we think price will hit the green line. Stop is shown with a red line on a chart. This is our opinion, not a trading advice.

GCtrade

Price on a 4H is located in a sell zone, its good opportunity to short, stop loss can be placed on top of sell zone border, there is dynamic resistance too, which may be taken as confluence factor. Target prices are marked on a chart, I think 1st one is more realistic, but lets see ;) If my opinion is right risk/reward for this trade is 1/5. This is my opinion...