Reason for short side
a) price is below the previous week low and near the monthly low at 17358 (Spot).
b) Hence possibility to touch the monthly low to form a false low or double bottom at 17350 level
c) Moreover, daily 20 ema as to touch the price before it reverse from this level.
a) price is below the previous week low and near the monthly low at 17358 (Spot).
b) Hence possibility to touch the monthly low to form a false low or double bottom at 17350 level
c) Moreover, daily 20 ema as to touch the price before it reverse from this level.
Trade fechado: objetivo atingido