The instrument is globally on the bullish trend and we might see this continuing. However it has broken below the strong supporting trend line and is now approaching a key decision zone. This zone can give a continuation of a bullish move after aligning well with 0.786 Fib level from the previous lower level OR the price might just be retesting the previously broken levels and the price might head back down. The best practice would be to wait for price action next to this level. Please do your own analysis before placing any trades.
Happy Trading Fellow Traders !
Happy Trading Fellow Traders !