PROS
– price did not break weekly support turned resistance
(BLUE) (if broken could start uptrend)

– broken through uptrend trendline

– 1.13900 level been tested for S/R multiple times

– 5 sma has crossed over the 10 sma

– price broken the last HL to make a LL

– 4 hour chart showing strong downtrend (strong bearish candles closing below the broken uptrend trendline )

– price broken and retested 1.13900 level (which has acted as support and resistance multiple of times)

– trend continuation trade

– momentum is down with a strong bearish candle breaking through the uptrend trendline

TARGET
– target level is 1.13300

https://www.tradingview.com/x/g8GFffvr/