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Price is being rejected of the Horizontal Resistance and the Higher boundary of the Descending Channel. We can initiate a short position if the rejection will be confirmed. Stop-loss can be placed above the Horizontal Resistance
In case price loses the Horizontal Support we can also initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price is being rejected of the Horizontal Resistance and the Higher boundary of the Descending Channel. We can initiate a short position if the rejection will be confirmed. Stop-loss can be placed above the Horizontal Resistance
In case price loses the Horizontal Support we can also initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.