Based on the chart, we can notice a strong resistance area with lots of rejection at this zone. So this rejections can be a good sign of supply at this zone. Also a weakness on buyers at this area is observable.
So based on this scenario, I prefer to be seller at this area with a good risk reward ratio.
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 prefer to be seller at this area with a good risk reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!