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Tickmill
Jan 28, 2021 3:38 AM

Copper is pulling back to test resistance, potential reversal Short

CopperOANDA

Description

Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 100% Fibonacci extension and 50% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish pressure.
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