REVERSAL or DOUBLE TOP, your pick.
Hi Folks:
After we broke the descending channel price has continued to go up. Currently we hit both the resistance trend channel and the previous hit resistance. Possible reversal is in sight, but failing to reverse it would probably hit the previous high so be very careful.
I am sticking to my strategy and hold shorts and anything above the line will hedge partially or totally (in different stakes).
STAY SAFE. Cheers
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
After we broke the descending channel price has continued to go up. Currently we hit both the resistance trend channel and the previous hit resistance. Possible reversal is in sight, but failing to reverse it would probably hit the previous high so be very careful.
I am sticking to my strategy and hold shorts and anything above the line will hedge partially or totally (in different stakes).
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.