The chart you are looking at is 1Hour candles shown inside Daily candles. As you can see, price has approached and rejected a significant level. This is the first (and second) failed retest of this area since it was first broken with strong momentum just over a month ago on 5 July 2022. After the recent rejections, it is expected that price will fall offering an easy 4:1 Reward Risk ratio.
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Happy Trading!
Happy Trading!
