Based on the chart, price is in a downtrend and it reached a major resistance area. Also a rejection have happened base on candlestick pattern. This rejection at this area can be a good sign of supplying at this zone.
So based on this scenario I will open a sell position 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 will open a sell position 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!