Daily chart is currently testing weekly supply zones and structurally likely to form a reversal. In the bigger picture we remain bullish, but such a wide expansion needs retracement at certain levels. We can see something forming right now.
H1 has already had a wide selloff, and now appears to be retracing to find better prices to continue selling
H1 has already had a wide selloff, and now appears to be retracing to find better prices to continue selling
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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.