Summary: There was a breakout of the trend line and price is making a pullback to its previous breakout level where we could see a drop, as illustrated by the yellow dotted lines.
Action: Sell Limit: 7120 Stop Loss: 7343 Take Profit: 6567
Analysis: On the D1 chart, price is facing a key resistance zone which it failed to break above, as seen by the most recent wave of drop in price. When we look at the H4 chart, there was a breakout of the trend line and price is making a pullback to test the previous breakout level and we could see a drop from the first resistance zone, between 7120 - 7195.
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