As seen in the chart above, the price could not cross the 1.631 resistance line, and formed a bearish pin bar, I see that the price will go down and hit 1.6172 and bounce a little and then continue to 1.60560,
and in the 4H time frame, it formed a head and shoulders chart pattern and retested the resistance, all this indicates that the price will goo short
TP(1): 1.6172
TP(2): 1.60560
with stop loss: 1.63421
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and in the 4H time frame, it formed a head and shoulders chart pattern and retested the resistance, all this indicates that the price will goo short
TP(1): 1.6172
TP(2): 1.60560
with stop loss: 1.63421
Don't forget to leave a LIKE
Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
follow me to get the latest analysis daily
thank you
Good luck
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