It just hit and was rejected from a Fibonacci level AND pivot point on a monthly TF. Double top on daily TF and braking down the long trend up. Bouncing down from a long term down trendline. A start of a new long term downtrend?
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engulfing candle on monthly. though we still need to wait one day. and it has been doing lower highs and lower lows on monthly. I believe we have a potential of 500-600 pips until the bigger pullback. obviously trade on smaller TF. That is just a bigger outlook.