The price is below the moving average 20 MA, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1183
• Take Profit Level: 1202 (1200 pips)
• Stop Loss Level: 1190 (700 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1190
• Take Profit Level: 1205 (300 pips)
• Stop Loss Level: 1186 (400 pips)
GBPUSD
According to recommendations GBPUSD open long position.
EURUSD
Possible short position in the breakdown of the level 1.0656
USDCHF
Possible long position at the breakdown level 0.9720
USDJPY
Possible long position at the breakdown level 120.10
