Break of daily S/R line. Could push down to the monthly Level
We have a break of trend line as well as a retest of the trend line too. Daily candle so far is showing a long shadow. Wait for Daily candle close ; potential short opportunities to the daily support level .
On a weekly chart, there is a massive rejection of the Weekly Key Level of 0.90000 showing potential move to the downside. Also the weekly candle formed engulfed the previous 3 candles too showing more reason for a setup of a SELL. On a daily chart, the previous candle has a long wick to the upside which is a confirmation candle of a SELL. Wait for confirmation --> SELL
There is a bounce of the trend line (WEAK) and price is currently at a major monthly key zone where price has previously bounced off from 3 times making it a very strong area. From the candle stick formation of a long shadow on the Daily time frame, it is an indication of price going to push to the upside.