As we can see from the chart the price is currently at the top forming the double top pattern. We already have some signs of rejection at the level with shooting star candlesticks on the dailychart. Can we be facing a big downward movement? We will see.
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We could be facing a 1.5k pips movement downward. Forgot to say that.
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We down 100 pips already... lets see!
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We down 200 pips now! Lets go :)