Price has come to a strong level of daily level of resistance and has shown momentum loss by creating doji candles and then some bearish pressure showing sellers coming into the market. As well as this we can see that a double top has also been formed which also indicates a sell. This trade also has a good R:R ratio of 3:1.
-Good luck!
- Majority of trading is Psychological, believe in your analysis and the rest will follow..
-Good luck!
- Majority of trading is Psychological, believe in your analysis and the rest will follow..