As we see market broke our support level impulsively, where we shall pull out our Fibonacci Retracement tool expecting retests on levels[ 38.20% and 50.0%] which also align well with out former support now resistance level.
We need to see a weak retest on those levels( loss of momentum of the buying candles) to confirm our sell positions giving us our;
TP 1 - 1.08549
We need to see a weak retest on those levels( loss of momentum of the buying candles) to confirm our sell positions giving us our;
TP 1 - 1.08549
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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.