Possible reversal of previous resistance level into support, previous chart pattern indicated that it's a likely a strong level. Safer option is to wait for trend reversal.
This idea is based on key levels in the chart. Major support and resistance levels being used.
Downtrend structure is still being respected
Waiting for a retest and a breakout to confirm the downtrend
Good Risk Reward Ratio, you can wait for confirmation if you are not sure about the trade.
This trade have certain risk to it, don't follow if you're not willing to lose money.
