Possible set up for sell position
The pair is on a historical area of resistance. It will be interesting to see how this pair plays out... The overall trend from the weekly chart is bearish but we can see some bullish pressure creating a bullish trend from the 4h timeframe.. But as a long term trader I believe having price at a good resistance and on the downward trend line from the weekly chart... I believe there will be a better chance of the short position playing out..
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