- Price is on a downtrend after bouncing at the Resistance Zone. - It has now found Support at 70.00. - We have two possible scenarios here. - The long view, will be activated in case the Descending Trendline is broken to the upside. - The short view, will be activated in case the Descending Trendline can not be broken. - Will wait for price action confirmations before taking any position.
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