DAILY CHART - price got rejected from a monthly key level with a big rejection candle - 61.8 fib level also supporting the rejection on daily chart - price in a strong downtrend - price currently pulled back (did not manage to break monthly key level blue line)
4 HOUR CHART - price in a overall downtrend on 4 hour chart - short term uptrend which is the small pullback on the daily chart
TARGET - looking for price to hit price level 1.12849
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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.