Price has reached a powerful level of resistance that has held many times in the past years as a strong reaction zone. Price has also made a 3rd touch to the long term descending trend line , along with a potential double top formation here on the higher timeframe. Also, last week price finished the candlestick as a bearish pin bar at a key level, which is a signal that sellers may look to reverse the lower timeframe trend & push price back to the downside again.



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