Well like all things it depends on your timeframe and perspective. The trend on the 4H is arguable but I would say is clearly ranging. The flow is likely to be short again at this level until the resistance breaks. The H1 is now in a head and shoulders pattern so again a short play is on. On both frames we are in the 78.6 retrace area so this looks powerful. I am awaiting on a reversal signal on the 15 min for a short entry here this morning
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