We have the following factors:

  • Monthly support
  • Daily Role Reversal Zone at 50-61.8 Fib.


Wait for:
4h / 1h trend change confirmation pattern or a good price action at role reversal zone
Otherwise I wouldn't advice taking this trade, since the downtrend is very strong and may continue.

Cheers!
possiblereversalpriceactionrolereversalTrend Analysis

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