We have to open short trades because:
- price reversed from the resistance level
- RSI confirms price reversal
- Double Top or Triple Top chart pattern
- Bearish Divergence was formed by Price and RSI
- MACD gives a signal for opening short trades
- ADX falls and allows open short trades
To my mind we have solid arguments for opening short trades. Don't you think so? Entry level is below 4785, stop order should be placed above the resistance level. The 1st profit target is MA50 and if price breaks this line, the 2nd profit target will be MA100.
- price reversed from the resistance level
- RSI confirms price reversal
- Double Top or Triple Top chart pattern
- Bearish Divergence was formed by Price and RSI
- MACD gives a signal for opening short trades
- ADX falls and allows open short trades
To my mind we have solid arguments for opening short trades. Don't you think so? Entry level is below 4785, stop order should be placed above the resistance level. The 1st profit target is MA50 and if price breaks this line, the 2nd profit target will be MA100.
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