LONG ON BREAK ABOVE TRENDLINE.....

2019-12-18 18:15:28

price is moving in uptrend in daily chart with very strong resistance @ 76.00 level , we may see price moving higher and testing 76 levels again in case price manages to move and close above current descending trendline.

Alternatively we would like to see price closing below strong support level and confirmed rejection in order to sell towards long term ascending trendline in Blue..

Our bias is to stay long till price remains supported above strong support level.