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 1190
- Take Profit Level: 1172 (1800 pips)
- Stop Loss Level: 1196 (600 pips)
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 1195
- Take Profit Level: 1205 (300 pips)
- Stop Loss Level: 1192 (1000 pips)
GBPUSD
Possible short position in the breakdown of the level 1.4565
EURUSD
Possible short position in the breakdown of the level 1.0500
USDCHF
Possible short position in the breakdown of the level 0.9743
USDJPY
Possible short position in the breakdown of the level 119.60