Looking at the daily chart you can see the importance of the light blue line. It is a very important line that all day traders are looking at and right now you can see it is beautifully set up to go downwards maybe testing the 200 day E.M.A or 200 S.M.A whichever one you prefer as a potential take profit. In terms of potentially taking this trade ( which I will) the risk reward RATIO is 3.00
*BONUS: The NASDAQ AND S&P 500 are at new highs and stocks in general are doing really well and majority of traders are very hopeful for a trade deal with China.
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