Resistance at 1266 worked very well here. It tried twice until it recoiled back to 1261.
Also Longterm-Weekly-Downtrend (Blue trend line) is showing its potential here, which also supports the idea of a strong resistance area at 1266.
I would consider a short position here. If you want to go the safer way then place an order at 1258.
Also Longterm-Weekly-Downtrend (Blue trend line) is showing its potential here, which also supports the idea of a strong resistance area at 1266.
I would consider a short position here. If you want to go the safer way then place an order at 1258.
