PROS
- price did not break weekly support turned resistance
(BLUE) (if broken could start uptrend)
- broken through uptrend trendline
- 1.13900 level been tested for S/R multiple times
- 5 sma has crossed over the 10 sma
- price broken the last HL to make a LL
- 4 hour chart showing strong downtrend (strong bearish candles closing below the broken uptrend trendline)
- price broken and retested 1.13900 level (which has acted as support and resistance multiple of times)
- trend continuation trade
- momentum is down with a strong bearish candle breaking through the uptrend trendline
TARGET
- target level is 1.13300
- price did not break weekly support turned resistance
(BLUE) (if broken could start uptrend)
- broken through uptrend trendline
- 1.13900 level been tested for S/R multiple times
- 5 sma has crossed over the 10 sma
- price broken the last HL to make a LL
- 4 hour chart showing strong downtrend (strong bearish candles closing below the broken uptrend trendline)
- price broken and retested 1.13900 level (which has acted as support and resistance multiple of times)
- trend continuation trade
- momentum is down with a strong bearish candle breaking through the uptrend trendline
TARGET
- target level is 1.13300