The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero levels.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 12.80
• Take Profit Level: 13.50 (90 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 12.00
• Take Profit Level: 11.50 (50 pips)
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