Follow the Trend
Updated
Daily chart - MACD and DMI confirms short trade. 1H chart - ADX is above 20 and it's trend market conditions. We have to follow the trend. MACD and RSI confirms price reversal from Moving Average with period 20 and it's a confirmation for short trades. Entry level is 46.25. Place stop order above 46.70 and take profit near 45.15 which is near Moving Average 100 on daily chart.
Trade closed: stop reached
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