Short from the ~1.3000 mark due to the significantly bearish inverted hammer
candle strongly rejecting the 1.3219 resistance. RSI
is currently in a rising wedge
headed to the oversold mark, indicating that the security in question is overbought and lacks the momentum and buying pressure to break through this heavy resistance. My current price targets include both 1.11310 and 1.09130.
Also, take a look at this chart. It provides evidence I used to conclude that the resistance is quite strong as the price has not been able to maintain its gains within the zone.
Thank you for viewing my analysis!