Base on the chart, price reached a major resistance area and a strong rejection have happened on 3rd of June and now the market reattempt to get its previous price but it failed which can be good sign of weakness on buyers at this area and on the other side, it can show the strength of sellers at this area.
So based on this scenario I prefer to be seller at this area with a good risk reward ratio about 1:4 which means low amount of risk and good potentiality of profit.
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 about 1:4 which means low amount of risk and good potentiality of profit.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!