There's a reversal setup.
Price was making new higher highs, but this was a weak movement, the price was fading momentum, and has reached a daily resistance line, and reject very strong this area, as well, the price broke above the 20SMA, and now are trying a regression...
Enjoy your week and have good trades!!!
Price was making new higher highs, but this was a weak movement, the price was fading momentum, and has reached a daily resistance line, and reject very strong this area, as well, the price broke above the 20SMA, and now are trying a regression...
Enjoy your week and have good trades!!!