Trading suggestion: There is possibility of temporary retracement to suggested resistance zone (1356.75 to 1375.05), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (1356.75) .Ending of entry zone (1375.05)
Technical analysis: .Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. .Relative strength index (RSI) is 68. .Current short-term is range bound, but beginning of downtrend is expected.
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TP3 HIT!! All SLs moved to Break-even.
Trading suggestion: We have already opened Sell trades, trade setup is drawn on the chart and shows entry and targets
Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. .Relative strength index (RSI) is 48.