there is a high chance to see a strong bearish reaction from the underlined weekly resistance, but because the trend is bullish, I will trade the market only with a good confirmation signal.
On 4H chart, the market is currently forming the right shoulder of a head and shoulders pattern. I pay close attention to 3725.0 neckline. Being broken, it will trigger a selling reaction and it will be a perfect signal for us to open short.
The initial target will be 3625.0 level The second target 3410.0 level.
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