1. at 1.3333 has been extremely reliable, as this level has been playing the major role in rejection. Price action has been rejecting this line from august 2015.
2. Strong trendline was broken and the origin of the big break came from the 1.3333 area/zone.
The trade is highly favorable as the weekly trend is based off the weekly not (DAILY). Meaning price has more room to wiggle instead of movements being restricted. As stated before the @ 1.3333 is validated because price action was/is haveing trouble breaching the line/zone. Massive price action restrictions were happening in 2015 giving confirmation to the level. lastly, trendline broke from the 1.3333 meaning that there are still massive institutions with (buying) power that breached the bears from this level.