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 support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1077
• Take Profit Level: 1062 (1500 pips)
• Stop Loss Level: 1082 (500 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1087
• Take Profit Level: 1097 (1000 pips)
• Stop Loss Level: 1084 (300 pips)
GBPUSD
According to the recommendations GBPUSD open short position
EURUSD
Possible long position at the breakdown level 1.1170
USDCHF
Possible long position at the breakdown level 0.9770
USDJPY
Possible short position in the breakdown of the level 118.70
