The price is at strong resistance level
. We should be ready to see a price reversal with further falling. The market made a good upward movement and it must be corrected. Bearish
divergence gives us a trend reversal signal. RSI
confirms price reversal in the overbought zone. MACD
histogram supports downward movement and MACD
lines are going to give a bearish
signal too. We can use pending orders for sell below the uptrend line and entry the market based on a breakout signal. Entry level is 1337.50 with stop orders at 1370.50 level. Profit targets can be 1300.00 and 1250.00 support levels.