Timeframe: 4H
Since the trend is down, we expect a break of the 5.50 support level which will reflect a sell signal. Only exceeding the 6.27 resistance level will cancel this bearish scenario.
Details of the transaction:
Entry level: 5.50
Stop loss level: 6.27
First goal: 5.02
Second goal: 4.25
Rating: 8
Strategy: Bearish breakout