If the Trend line is broken and the resistance at around 1.27500 level then there could be a possible long position stretching to previous periods R1 level at 1.27700.
Enter once a reversal candle stick pattern has emerged. Target is 20 pips for TP1 and 45 pips for TP2.
The bears have been winning and it is only a matter of time when the bulls will start to win. Once this happens, it should test the Daily Trend line, then once again the bears will start winning and following the overall trend of market, downwards.
Entry on a reversal pattern.