There is an ascending trend line, the intersection of the trend line and horizontal support may be a good place to respect and the price could bounce.
Limit your risk is the most important thing in Trading
This based on the idea of VasilyPonomarev.
The environment is bearish.
It broke the descending trend line and pull back to it.
Also there is overbought in the indicator.
Be careful about risk management,
This is more an analysis than a trade recommendation.
The price has 2 choices: Break the resistance or return back.
In my opinion, even to break the resistance, the price will drop some and return back.
So I sell and wait for the price action.
Please consider risk management
Strong SR level.
The double top in H1
Breaked the M30 trend line
Overbought in the indicator
here the price is at the top so we have a good risk reward ratio.
Also it could be a good drop for one or two weeks.
But consider expanded Sl as 1.413
Good day to all.
Hope you and your family and all the people around the world are healthy and happy!
Here is *** zone of resistance.
Two horizontal resistance and an H1 trend line, also 38 Fibo.
The overall trend is down.
Trade with Risk management please!
Here is also daily picture, showing the descending parallel...