At the beginning of the year, the price experienced a small but sharp collapse, after which it touched support at 125.07 and has since adhered to an upward trend based on this line. Inside the trend, the price periodically shows a strong rise, after which it invariably falls. Resistance formed at the peaks of this growth. Now the price is in the resistance zone 130.42 and can be expected to fall to 129.60.
SL - 130.84.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 130.84.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.