Hello guys, as we can see, this is a ranging market and price is currently on a resistance area. If you look closely, you will also see that price has also made some very important candlestick patterns and that is a bearish engulfing pattern. So we are expecting a rejection of this resistance zone to the downside
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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.