Based on previous times we can see this level is a key and well respected supply zone. Price consistently behaves the same way when reaching and then dipping below. We can also see a big wick, giving further indication that the sellers are stepping in driving price down. I caan see a 100 pips here for the taking on a sell possibly more.
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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.