PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone
Price is below the key support area below 2078.
We were eager to find price action sell signal at around
2078 which is a strong resistance area
Price has failed to close above 2078 which indicates sellers are more aggressive at resistance level of 2078.
This situation can be traded short side with a stop loss of 2093 for the target of 1925 area.