What once was support is now resistance. The COVID-19 range 50% Retracement (11,700) is a pretty good early week position sell. Here's the trade:
1) Sell @ 11,675
2) Initial stop loss @ 12,095
3) 1:1 risk vs reward ratio, 11,255 profit target
1) Sell @ 11,675
2) Initial stop loss @ 12,095
3) 1:1 risk vs reward ratio, 11,255 profit target