The high 160s is very nicely set up; however, the last candle was bullish in terms of sentiment, especially after two consecutive red days. It has positioned itself nicely for a retrace from this level. Set up the resistance area for further confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.