Short on break below support level...

Hello Traders..

Looking at chfjpy we can see that it has broken below ascending trendline , however towards the downside price is supported by horizontal levels.

As price has broken below ascending trendline and it is also respecting descending trendline which suggests we would like to be in sell trade only till price remains capped by descending trendline..

For today we would like to look for sell opportunity on break below support...