In Daily price is touching a big support + we can see a false breakout that means that there is a probability for price to reverse and began to go up.
i don't trade indice but since someone request it i will give my opinion. In my opinion the market look more bearish , we can see that the market is doing perfectly the LH and LL. since we see a double top i would wait a break of the green or red area to enter on a buy or sell. I would put a Sell stop below the red area.
i would wait the market to choose a direction and wait for a clear rejection to enter on a buy or sell in a long term.
In a long term i do think the market is gonna go long , tho there is a possibility that the market continue to fall till the 2 º line and make it as a support , and it would be a good opportunity to buy this pair.
I am looking for a true rejection in this area to a potencial buy in a long term.
Long in a short term, i am only using support resistance for this analysis.
As we can see a breakout happend, now i would like to see a retest before buying this pair in a long term.
Simple trade following the trend ,sellling on the major resistance. Always have in count risk managment and breakheaven.
Resistance around 1755 finally breakout, i expect the price to continue to go long in a long term tho i would wait a retest or price to touch the support to buy this pair.
Market is kinda ranging right now so i would buy on the support and sell on the resistances if i see a true rejection on both case. Tho , i always have in mind that a breakout can happen so i would manage my risk ratio.