First of all, taking a look at the DAILY timeframe, we can observe that the price has printed some serious bearish candles. Moreover, switching to lower timeframes, we can clearly see that the price has rejected the local structure and is now headed to the downside. We are expecting the price to reach the area plotted on the chart
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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.