Hello traders as we can see on daily chart that price is about to test a strong resistance trend line of 2018 at 30500. Price already rejected may times around 30200 and 350 area. I am hopeful that after testing price at 30500 to 30600 price will start to fall and we can take a nice risk to reward opportunity.
Traders if you liked this idea please share and let me know in the comment section below.
Traders if you liked this idea please share and let me know in the comment section below.
Comment:
Price is reached at point wait for price to slow down monitor on 1hr chart. Then you can take trade with risk managed as per your choice.
Comment:
On 15 min chart we can see price is testing 50 MA indicator showing that price may fall from this area plus RSI and MACD indicators strategy for divergence is also showing that it may fall.
On 15 min chart we can see price is testing 50 MA indicator showing that price may fall from this area plus RSI and MACD indicators strategy for divergence is also showing that it may fall.