Price has been range bound for some time now, rejected resistance multiple times. Price currently forming a head on shoulders pattern, & a bearish engulfing candle now is forming showing potential momentum shift. Will watch for a break of the ascending trendline & neckline to confirm a downside reversal ..
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H4
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Trendline still holding, which price can still be range bound.. a confirmed reversal would be after the head on shoulders neckline break (1.08500)