It has been rejected multiple times at resistance zone at $40..
Now, if its unable to break $37.5 - $38 we are gonna short our position to given target and next demand zone which is we below $30.
Risk reward is above 2 so it is worth taking the risk here!
Now, if its unable to break $37.5 - $38 we are gonna short our position to given target and next demand zone which is we below $30.
Risk reward is above 2 so it is worth taking the risk here!
Trade active:
I am short here SL is set at 41.50 and target is 29