The price is below the moving average MA 200 and 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 1176
• Take Profit Level: 1158 (1800 pips)
• Stop Loss Level: 1182 (600 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1185
• Take Profit Level: 1290 (1500 pips)
• Stop Loss Level: 1180 (500 pips)
GBPUSD
Possible short position in the breakdown of the level 1.5300
EURUSD
Possible long position at the breakdown level 1.1270
USDCHF
According to recommendations USDCHF open short position
USDJPY
Possible long position at the breakdown level 119.90
