The price still moves sideways for 2 months now and the last two lows are confirmed by the momentum lows in the MACD
indicator. The ADX
indicator is below 20 and therefore stays in the sideway zone which means that the bollinger bands
tend to limit the movement of the price in every direction. Odds favor a continuation of the sideway movement and the last high is also the upper bollinger band
which gives the opportunity of a tight short entry with stop loss slightly above the bollinger band
and a target at the lower bollinger band
and a risk / reward ratio of more than 3.