Bearish reversal off 50% Fibonacci resistance?

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USO/USD is rising towards the resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.

Entry: 70.14
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.

Stop loss: 72.32
Why we like it:
There is a an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.

Take profit: 68.39
Why we like it:
There is a pullback support level.

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