Reasons:-
1.Daily chart heavy rejection.
2.this candle may be an retest
3. 200 being an psychological resistance
Caution :-
The price is still above 200 EMA I.e. its still in Bullish phase.
This is my point of view, lets hope for the best.
1.Daily chart heavy rejection.
2.this candle may be an retest
3. 200 being an psychological resistance
Caution :-
The price is still above 200 EMA I.e. its still in Bullish phase.
This is my point of view, lets hope for the best.
Trade closed: target reached:
All perfect