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Analysis: • Downtrend confirmation on the 30-min chart with consistent lower highs. • Price consolidating near $190.00, suggesting potential breakdown. • Risk-to-reward ratio aligns for a short position with controlled SL.
Strategy: • Monitor for price rejection at $190.50 for short entry. • Secure partial profits at TP1; hold for TP2 if momentum sustains. • Adjust stop loss to breakeven after TP1 is reached.
Analysis: • Downtrend confirmation on the 30-min chart with consistent lower highs. • Price consolidating near $190.00, suggesting potential breakdown. • Risk-to-reward ratio aligns for a short position with controlled SL.
Strategy: • Monitor for price rejection at $190.50 for short entry. • Secure partial profits at TP1; hold for TP2 if momentum sustains. • Adjust stop loss to breakeven after TP1 is reached.
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