Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.48348 to 1.48865). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (1.48348)
• Ending of entry zone (1.48865)

Midterm forecast:

• While the price is below the resistance 1.48865, resumption of downtrend is expected.
• We make sure when the support at 1.43368 breaks.
• If the resistance at 1.48865 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of resumption of downtrend is increased.
• A peak is formed in daily chart at 1.46683 on 11/15/2023, so more losses to support(s) 1.44729, 1.43796 and minimum to Major Support (1.43368) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 42.

Take Profits:

1. 1.45735
2. 1.44729
3. 1.43796
4. 1.42787
5. 1.41534
6. 1.40705
7. 1.39538
8. 1.38171
9. 1.37010