We can see that the price is moving inside a channel formation. It is currently touching the upper line, acting as a resistance line in this formation. We are expecting basic price behavior in a channel formation as neither the bulls or the bears do not have huge momentum. We believe that the next move should be bearish as a bounce from the upper resistance line. Targets are close to the lower support line and stop just above the upper resistance line.
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Feel free to grab a copy of our Free Weekly Market Outlook here:
mailchi.mp/bc78576d6...eweeklymarketoutlook
For more content Follow us on Instagram and Facebook:
https://www.instagram.com/_quantum_tech_/
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We wish you good luck with your trading!