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.
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I forget how to attach images here. Do you use [img]? But anyway, renstoch working well. Showing similar but also looks like it is ready to close the sell position. Something to consider.