Price previously bounced off support level returning to long term down trend line. Short entered on break of short term up trendline. Looking for 1:3 Risk-Reward
Price trading within a small S&R channel between 90.400 and 90.550. Looking for price to break the short term resistance and continue bullish trend; firstly to the average weekly around 90.750 and possibly onwards to weekly pivot point 90.877
Long term bearish trend confirmed on 4H and Daily charts. Strong resistance formed at 79.079 where price has been rejected on multiple occasions. Expecting price to continue with downtrend towards support around 78.308