Daily cycle has completed (double wave up) and we
can expect to see some bearish moves now.
To stay on the safe side wait for the trend line break
and confirmation (re-test and hold) before going short.
Entry - short once the TL is broken and the break is confirmed
Target 1: 121.50
Target 2: 120.20
Stop Loss: Break and close above 123.80 would invalidate our sell entry.
can expect to see some bearish moves now.
To stay on the safe side wait for the trend line break
and confirmation (re-test and hold) before going short.
Entry - short once the TL is broken and the break is confirmed
Target 1: 121.50
Target 2: 120.20
Stop Loss: Break and close above 123.80 would invalidate our sell entry.
