The price bounces from 400.00 resistance level. RSI and a strong bearish candle confirm price reversal. MACD histogram supports downward movement. The market is going to move downward and give us new trading opportunities. We'll have to watch for price action near SMA20 and 320.00 support level. If the price bounces from these levels, it will be possible to open long trades. Also the same goes about SMA50. Just don't forget that long trades must be opened based on confirmed reversal signals.
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