Price is at resistance of channel and resistance area of distribution range. This a good place to sell to the support of channel or to midpoint of channel where partial profits can be taken. Consider also that since this is a distribution phase, a sell may be the better option to look for as a Decline most likely follows a distribution. In essence a sell position ensures you stay in the next possible big move of this market. As always, do your own analysis as this is not foolproof and of course, nothing is set on stone in forex. Goodluck and happy trading. Cheers!
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