The declining resistance from he 10th December might provide enough strength to send the price downwards towards 1170 region and below. In that region a major support line can be observed, where the TP should be placed awaiting for further confirmation whether it can be broken. A tight stop loss on this trade can allow for good R/R ratio.
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.