The market moves in the uptrend. The price reached the resistance level
and we should be ready to see a correction movement. If the price bounces from the resistance zone
, It will be possible to open short trades based on lower timeframes. The market will have a target at the support zone
formed by SMA50, SMA100, 111.00 support level
and the uptrend line. This zone will be able to stop and reverse the market in the direction of the main uptrend. In this zone, we will be able to get a new buy opportunity.