16713 is tough nut to crack, last week we breach, failed to hold then made a low which was an outside bar on the previous week. this week is currently (but not confirmed, inside bar and a pin) If we close Friday like this i am looking short from 16500 level.
Thanks. Missed the afternoon but seems we are heading that way. Support at 16280-300 ish then 15850. There are 50% fib levels from 16 Oct low to last week highs at this area too.
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Imho,as long as it stays below 6750, it's pointing to a sharp decline towards 1.5700 in the coming weeks.
6500 is a good short entry point, especially if it happens on Monday.