There is a possibility of a short term SHORT Trade.
Entry around 3950 - 4000
TP around the lower trend line around 3780 - 3680
if price breaks the upper green trend line in an impulsive way, then do not SHORT. It may continue up.
if you take the trade, make sure you have SL in place.
Note:
Longer term my view is bullish.
The bullish view may be temporarily invalidated, if price breaks the lower blue trend line.
i will try to update if there are any changes in my view.
Follow me if you like my analysis.
Comments are welcome.
Disclaimer: I am sharing my view and not a recommendation for you to follow.
Trade only based on your analysis.
Entry around 3950 - 4000
TP around the lower trend line around 3780 - 3680
if price breaks the upper green trend line in an impulsive way, then do not SHORT. It may continue up.
if you take the trade, make sure you have SL in place.
Note:
Longer term my view is bullish.
The bullish view may be temporarily invalidated, if price breaks the lower blue trend line.
i will try to update if there are any changes in my view.
Follow me if you like my analysis.
Comments are welcome.
Disclaimer: I am sharing my view and not a recommendation for you to follow.
Trade only based on your analysis.
Comment:
Price went up in an impulsive move up, short term view got invalidated.