As you can see it has a strong downtrend so now is happening the reversal to the trend.
it reached the highest point, now price is going to 1.03874
This is a super short trend also it will work on daily charts, but for now let's go for 1127.19!
Right now is time to sell, it was a strong support line and now is broken.
There is a daily downtrend and it will be a price action
Clear downtrend for a long term, let's trade
It will go down for sure after it breaks the second support line.
Bounce is happening right now, price will go up to 1.46546
This is a fakeout action, the price is going down to 0.98315
When price breaks support (yellow line) then go short to 1.21523
for the first trade, wait until price break support - 0.8572 (horizontal blue line). Then go long once price bounce the big support ( yellow line). - - - --------------> LONG TERM TRADE <-------------------- - - -
It will bounce few times but It will go down to 1.60437
just wait until price break the support line. (Close candlestick below support line)