let's look at $BREV .
Price is near 0.0687 after rejecting 0.0708. Buyers couldn't hold higher levels. If we get a clean rejection, downside could open up.
My short plan:
Entry: 0.0690 - 0.0695
Wait for a bearish candle or wick to confirm before pulling the trigger.
Targets:
TP1: 0.0680
TP2: 0.0670
TP3: 0.0660
Stop loss: 0.0710
Keep it tight above resistance.
Position size rule: max 2% of your account on this trade.
Your turn - are you seeing resistance hold, or waiting for more confirmation?
$BR $BANK #USJulyCPI&PPIDueThisWeek
Price is near 0.0687 after rejecting 0.0708. Buyers couldn't hold higher levels. If we get a clean rejection, downside could open up.
My short plan:
Entry: 0.0690 - 0.0695
Wait for a bearish candle or wick to confirm before pulling the trigger.
Targets:
TP1: 0.0680
TP2: 0.0670
TP3: 0.0660
Stop loss: 0.0710
Keep it tight above resistance.
Position size rule: max 2% of your account on this trade.
Your turn - are you seeing resistance hold, or waiting for more confirmation?
$BR $BANK #USJulyCPI&PPIDueThisWeek