I am in the short position from QMl(2) and the price was respected in my area perfectly:))
now I think the pair wanna touch the midline of the descending channel and start another downward movement but the support area is so strong so we can expect a compression here!
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Nice analysis. I like how the identified sell zone is based on multiple bounces off the level before the breakout occurred. I suspect the price might be below the Ichimoku cloud, which is a good sign of bearish momentum. Let's see what happens in the coming market sessions.