The price is below the moving average 20 MA, indicating the downward trend.
Average in the MACD came out of the histogram.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1145
• Take Profit Level: 1161 (1220 pips)
• Stop Loss Level: 1150 (500 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1160
• Take Profit Level: 1170 (1000 pips)
• Stop Loss Level: 1157 (300 pips)
GBPUSD
Possible long position at the breakdown level 1.5810
EURUSD
Possible long position at the breakdown level 1.1160
USDCHF
Possible long position at the breakdown level 0.9440
USDJPY
Possible long position at the breakdown level 120.10
