Could be a nice 2:1 RR trade
This pair has recently tested an area of resistance and got rejected.
Look for a retest of that area to short (wait for .618 fib retracement of last swing low on lower timeframe )
Look for a retest of that area to short (wait for .618 fib retracement of last swing low on lower timeframe )
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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.