The market is closely approaching our resistance level where we do have 2 scenarios that could play out. Scenario 1 is the break above structure and enter long on a retest. Scenario 2 is a rejection from the resistance level as the market fails to break it.
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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.