On the Weekly TF we can see that we are trading on the 21MA, we could bounce from here and therefore hit the narest resistance zone at 9EMA I will look for shorts around there and the 21MA
We have broken and retested the short term ascending TL so we could continue lower, a further confluence would be to break the outer Ascending TL.
ENTRIES AROUND 1.3000 MONTHLY KEY LEVEL
TARGETS 200EMA AND WEEKLY SUPPLY
*IF WE BREAK DESCENDING TL MONITOR PA FOR REVERSAL
We have broken and retested the short term ascending TL so we could continue lower, a further confluence would be to break the outer Ascending TL.
ENTRIES AROUND 1.3000 MONTHLY KEY LEVEL
TARGETS 200EMA AND WEEKLY SUPPLY
*IF WE BREAK DESCENDING TL MONITOR PA FOR REVERSAL