Price has formed a double top at 133.50. Price has then broken through the averages and pivot points.
Price has also broken a sloping trend line support.
I am looking to take a short position when price retraces back to the trend line and the moving averages.
Entry levels and chart below
Entry: 131.90
Stop: 132.25
Target: 130.15
I will update when the trade is triggered.
Have a good evening
Regards
Scott
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