There is potential for either long or short, take into account potential and previous liquidity levels in this region from 0.76000 to 0.77500
Long - Pushes through the trendline and takes out retail, retests the trendline / psychological level of 0.77000, and has upwards momentum from there to 0.77500 or maybe even 0.7800 however it is in a downtrend
Short - Rejects and pushes down from the trendline and pushing down past the 0.77000 level maybe, then potential downwards momentum towards the 0.76500 0.76000 levels
Long - Pushes through the trendline and takes out retail, retests the trendline / psychological level of 0.77000, and has upwards momentum from there to 0.77500 or maybe even 0.7800 however it is in a downtrend
Short - Rejects and pushes down from the trendline and pushing down past the 0.77000 level maybe, then potential downwards momentum towards the 0.76500 0.76000 levels