FCPO: Long or Short?

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Price is in range. It didn't breakthrough lower as expected last week. Instead it continues to be in range. For next week:
Option 1: if price breakthrough 4500 and stay above it then there is likely we will see a bullish movement.
Option 2: If price retraced towards 4475 and defend the level then we might see price to move lower.

Based on previous price action, Option 2 is preferred.

Happy trading. FCPO1!

Penafian

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