/USD is currently forming a textbook bearish
continuation right-angled broadening wedge
pattern; and we are now in what would be the final push up (potentially toward 8400-8500) before an eventual break of the support zone
around 7800/7900 with a measured move around the $7100 region; which is confluent with historical price action and in the vicinity of the 50 week moving average. This lines up with the notion of redistribution before further downside continuation following the high-volume break-down from the 9k region. I will show some additional charts below adding further bearish
confluence in the comments down below.
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-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.