The market dropped to a possible reversal zone formed by 14.00 support level
and the uptrend line 1. This zone plays a very important role now. We can see that price moves in a descending channel
. If the market breaks the support zone
, we'll see further downward movement to 8.00 support level
and the uptrend 2. This falling gives us new trading opportunity and buying on low levels. But what if price bounces from the uptrend line 1? For confirmation that the market is going to move upward, we'll need a price breakout out the channel. When we get this breakout, we'll have a buy signal. Long trades should be opened above the high of the signal candle with stop orders below 14.00 support level
. Profit target should be at 18.00 and 22.00 resistance levels.