15 Minute chart.
Price has driven up to a trend line and RSI is reading 66.50 so reaching over bought areas.
I still believe price could push up a little higher and reject off the trend line.
Potentially 3 areas i would look at to take profits if the trade went in favour - Id look at areas where buyers have bought on the way up and where there stop losses would potentially be. These stop loss areas are targeted as exits for profits.
Keep an eye out, watch price levels and what they are telling us and keep stop losses small.
Price has driven up to a trend line and RSI is reading 66.50 so reaching over bought areas.
I still believe price could push up a little higher and reject off the trend line.
Potentially 3 areas i would look at to take profits if the trade went in favour - Id look at areas where buyers have bought on the way up and where there stop losses would potentially be. These stop loss areas are targeted as exits for profits.
Keep an eye out, watch price levels and what they are telling us and keep stop losses small.