Based on the chart, price reached a major resistance area and a rejection happened. This strong rejection can be a good sign of strength of sellers at this area and on the other hand the bulls run is getting lower which can be a sign of weakness on sellers.
So based on the scenario I opened a sell position on the market with a good risk reward ratio which is about 1:4
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So based on the scenario I opened a sell position on the market with a good risk reward ratio which is about 1:4
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!