Multiple time frame confluence pointing towards a bearish bias. H4 has multiple wick rejections at the 78.6% Fibonacci region, in further confluence with the previously broken trend-line structure.
Positive carry trade.
SL: 1.6970
TP1: 1.6710
TP2: 1.6440
Positive carry trade.
SL: 1.6970
TP1: 1.6710
TP2: 1.6440
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.