Price is getting weaker as an ascending wedge starts to form... a strong bearish indicator. Once prices hit our resistance zone, we can expect prices to fall towards the support zone at around 67.730.
Trade closed: target reached
We saw a strong bearish reversal and we hit our TP goal. Happy trading!
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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.