Last week's price action bounced off again from a technical area of confluence (61.8% Fib level and a Slope support) But one thing we should be wary about is the reaction of price action on the 200ema. The last time price action touched it, it started a total sell-off. Just an advice, manage your trades properly. I will update this idea if it has been invalidated.
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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.