We can see a divergence on our RSI and expect a price run to our montly support.
We are now on a month support, we can expect the price touching the month resistance.
First of all I see Elliot Waves that now is doing the third correction wave. Last wave is breaking the trendline which have a closed candle under it. What I can expect is a short position when it comes again to our First Daily Resistance and to our Bullish Trend line at the meeting of both. My profit is in First Daily Support.
TREND: Bearish Trend. TP: 1.12230 SL:1.12990 ENTRY:1.12760