Recently, price broke through resistance on the 22nd of September. As price has now reverted back down to a level of previous resistance, we could see price reject at this level and at the 200 day to create momentum and move upwards. If there is confirmation of rejection at this level (closed 4H candle), I will take a long position.
However, before price entered this consolidation zone between , the USD was significantly weak. Therefore, we could also see price break the and the 200 day to create a momentum which will likely continue down to support and possibly breaking the too. In this scenario, I will look for a break of the resistance and 200 day before placing my short order.