2 possibilites:
Bounce from trend line and downtrend will remain. So now is the best moment to open short positions with small stop loss (1.1155) .
If price overcome the resistance We can switch to long with 1.2000 target .
Bounce from trend line and downtrend will remain. So now is the best moment to open short positions with small stop loss (1.1155) .
If price overcome the resistance We can switch to long with 1.2000 target .
Note
Price still stay below trend line - so we keep our positions
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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.