As we can see that the trendline in H4 timeframe has been broken-out for a week, but the new trend still not have a retest times since this signal. Although it is clear to realize a new downtrend, but it is needed to wait for a retest process for either two resistance zone. It would be depended on candlestick reversal after coming two resistance.
Resistance 1: 78.9 - 79.1
Resistance 2: 79.4 - 79.6
Good luck!
Resistance 1: 78.9 - 79.1
Resistance 2: 79.4 - 79.6
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.