The price just reached a certain area which hold decently for many times for many years, the RISK REWARD is very good even in TARGET 1, the RISK is a dollar maybe 1,2 depends how tight you like it. RSI devergence is good and double top at resistance perfect match ;)
Details written on the chart. STOP LOSS should be around or little bit above 25.00
This is only triggered by technical analysis, no fundamentals behind it.
The concept is that there is a bearish divergence on the RSI, please note that I use 20/80 for over sold/bought which gives me a much better hit rate. The SL is 2 ATR, there are two TARGETS: T1, just little bit above the 38,2%fibo the other one (T2) should be at 61,8% but there is no...
