Price is approaching a support zone and we could potentially see a rejection of this area followed by a bullish move. Once price does not breakout of this zone look for buy entries on a lower time frame. However, if price does breakout of this zone, wait for a retest before looking for bearish trades. Happy trading!
Trade closed: target reached
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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.