Market Analysis 07/12/2020
Till now breakdown .we are waiting from real breakdown from trend line and resistance area.
It will better to make one Sell stop with proper money management.
It is ideal time to go short with proper money management.Already retest resistance area. Retest from resistance trendline with Bearish Engulfing Pattern.
Retrace from Verified Resistance. Yesterday Pinbar(shooting Star) created on the resistance area. Till today market could not breakout the resistance line.
Stochastic indicator is over bought.
Although market is uptrend, for short time it will reached 124.50 level. For that purpose we can make sell stop entry at the level of 125.80
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