Long Term Trading Advise- Current risk reward ratio for a long term bearish trend is rather high, wait for a rebound around 1,120$ and use the 1,130$ key resistance to place your stop loss above it, ride the bearish momentum with 1,072$ as your target.
Short Term Trading Advise-For the short term trader a good risk reward trade would be to wait for a close above the 1,111$ resistance and ride a short rebound to 1,120$.Above the 1,120$ the proximity to the 1,130$ resistance could trigger the bearish trend to resume.
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