The market price that declined to break the support area the day before kept the current price below the lowest price.
At the current price level, 1790.00 became the meeting point after the resistance price became support last night. And now the continuation of the movement sees the tendency of the market price which is likely to continue the decline again at least at the price of 1785.00
So what is the potential at this point? I think that the market will make a horizontal movement on these two prices before explaining the stronger movement. If not for the momentum today then the level of 1785.00- 1790.00- 1795.00 will be the nearest resistance and support area.
Apart from that, short -term trading can be done at this point as the current price is below 1790.00 and the trendline tested in the last few minutes.
If I choose to trade at this time, the 1: 1.5 risk will be the risk management that will be applied in the trade with a stoploss of 30 pips from the price of 1790.00
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