I'm looking to short XU
Reasons :
1. Price is at a possible supply zone
2. Price has approached a descending trend line
3. You can can see price momentum slowing down, showing a lot of indecisions where to rally
Closing bearish below the 25 moving average is sigh of this trade rallying towards my target.
R:R
1.12.69
Risk 2%
Reward 25.38%
Comment:
SL placed at break even
Comment:
SL was hit at break even
