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As per the 4H graph, you can see the following:
- A breakthrough of the ascending trendline, a retest and rejection will indicate an impulse to the downside.
- RFI is indicating that the pair is losing strength.
- The target should be set above the highest support level.
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- A breakthrough of the ascending trendline, a retest and rejection will indicate an impulse to the downside.
- RFI is indicating that the pair is losing strength.
- The target should be set above the highest support level.
Please like, comment and follow if you enjoyed my analysis.
Note
Prediction correct.There was a break, retest/rejection and an impulse to the downside.
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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.