(Analysis Based on Weekly charts)
1. Long term
2. Medium term
3. Short term (now broken)
4. Price close below weekly SR zone at 1.0795x
5. Recent strong price action
6. Last week closed as a indecision candle
7. Expect price to continue moving down to the 1.0504x
NOTE: Wait for price action to confirm the importance of these levels. I don't trade from the weekly chart. I use it to evaluate overall market direction.
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