Hi friends. Unfortunately we have bad times in iran and im so sorry about that. i couldnt post any analysis for 2 weeks and i hope you accept my excuse. God bless all IRANs people.
As you can see i think we have a strong Resistance level approch. and also a valid trend line. this Resistance level overlap with trend line and after going up to around 1680 the price will react and make a pullback. wait for price to pullback compeletely and after you receive confirmation (mostly bearish candlestick patterns) , you can go SHORT. and in addition we saw the 55MA crosses 100MA and 100MA crosses 200MA and this is a death cross.
thank you all. PRAY FOR US WE HAVE VERY VERY BAD TIMES IN IRAN.
Trade chiuso: obiettivo raggiunto
if you set your SL at 1737 above upper resistance line , like me , i think you are now in a good profit... Good luck.
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