Reason for this trading strategy
I'm selling at current resistance, Price 114.2 Currently, There's a break in the trend-line would expect a further momentum downwards after this impulse move to the upside as a correction. I'm expecting the price to re-test the trend line before going down, In confluence the trend line and horizontal resistance of triple tops on the daily time-frame is in line. Good Risk-Reward sell here.
Trading plan: SL above the high, Aggressive enter when touch of trend line, conservative entry - look for bearish signs before entering.
I'm selling at current resistance, Price 114.2 Currently, There's a break in the trend-line would expect a further momentum downwards after this impulse move to the upside as a correction. I'm expecting the price to re-test the trend line before going down, In confluence the trend line and horizontal resistance of triple tops on the daily time-frame is in line. Good Risk-Reward sell here.
Trading plan: SL above the high, Aggressive enter when touch of trend line, conservative entry - look for bearish signs before entering.
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