Based on the chart, price reached a major resistance area and a rejection happened. This rejection can be a good sign of strength of sellers at this area and the weakness on buyers.
So based on this scenario I found here as a good demanding area with a rational risk reward ratio and prefer to be seller.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So based on this scenario I found here as a good demanding area with a rational risk reward ratio and prefer to be seller.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!