Price was moving up and respecting that trendline but it now found a strong resistance and rejected it many times and broke the trend line. It is now looking to retest the trend line and that level that was support before and is now becoming resistance. If price show rejetion of that level i will be looking for sells!
Comment:
The entry trigger on this trade was the bearish engolfing that was formed at the resistance level, after that price had a really nice drop. This was at least a trade with RRR with 2:1