The price is below the moving average 20 MA and MA 200, 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 1179
• Take Profit Level: 1164 (1500 pips)
• Stop Loss Level: 1184 (500 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1186
• Take Profit Level: 1196 (1000 pips)
• Stop Loss Level: 1182 (400 pips)
GBPUSD
Possible long position at the breakdown level 1.5400
EURUSD
Possible long position at the breakdown level 1.1375
USDCHF
Possible short position in the breakdown of the level 0.9290
USDJPY
Possible short position in the breakdown of the level 123.60
