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 1202
• Take Profit Level: 1187 (1500 pips)
• Stop Loss Level: 1207 (500 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1208
• Take Profit Level: 1218 (1000 pips)
• Stop Loss Level: 1204 (400 pips)
GBPUSD
Possible long position at the breakdown level 1.5588
EURUSD
According to recommendations EURUSD open short position
USDCHF
Possible short position in the breakdown of the level 0.9320
USDJPY
Possible short position in the breakdown of the level 120.70
