So some minor push down happened finally last week and it seems traders prefer selling right now. Though it should be slowly moving.
What I can see at the chart is descenting channel from the start of this month so I would change my usual trading strategy and wait for a push up to some 610-620 and then sell. It offers less risk than selling below the current level and hoping for a major sell out. But in case the correction up won’t realize I’m prepared to go short below $580 (or 588) with SL at 604.
Sell: 610-620 Stop-loss: 635 Take Profit: 580; 565
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