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Important Week ahead of us, all indications and indicators are showing strong momentum, so is expected to see prices break above this resistance?

If that scenario is to play out I want to see and decisive bullish candle breaks the resistance and a retracement to the resistance turned into support and a bullish engulfing candle for good measure, and that will indicate the beginning of the up trend.

However MACD is weakening and we are over-extended in the fork, dangerous at the moment to trade.

Penafian

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