After our previous short attempt, that ended up in a break even trade, we believe this new short opportunity is excellent and has an optimum R/R ratio. Short on break confirmation, stop loss above the and a final target price in the 121 area.
Please check our updates both on the higher and lower timeframes, and don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.
Thank you for viewing.