For anyone who talks to me on other platforms/IM, you will know I will have many positions open on this pair that have no relation to this idea because I mainly trade 2min time frame with algos and barely have time to manually trade these days... But nonetheless I still draw charts in the mornings when things look interesting out of habit and sometimes trade them.
A break of the lower red line indicates a SELL after a small retrace/correction/whatever you call it these days (back up towards the line)
If not, we should see the price attempt to re-test the fabricated and pointless resistance in the form of the horizontal red line. This also would be a good place to sell, assuming it shows no sign of breaking up.
This upward trend has been beautiful. But all trends come to an end.
But anyway, renstoch working well. Showing similar but also looks like it is ready to close the sell position. Something to consider.