The price bounced from the resistance zone formed by SMA20 and 124.350 resistance level. We should be ready to get interesting trade opportunities for shorting in the hourly and minutes timeframes. The main profit target will be the daily SMA200. Stop orders for all short trades must be placed above the local swing highs and the resistance levels.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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