Short
According to the daily time frame, it is a bearish trend and it pullbacked to (0.236 fib).
After touching the market structure, (hour time frame) it looks like a reversal and when it completes the ABCD pattern, target will be the next market structure at 0.830
Stop loss will be away from the structure.
0.841 - 0.830, sl @ 0.845, R:R 1:2 or take partial profits @ 0.835 and 0.830.
After touching the market structure, (hour time frame) it looks like a reversal and when it completes the ABCD pattern, target will be the next market structure at 0.830
Stop loss will be away from the structure.
0.841 - 0.830, sl @ 0.845, R:R 1:2 or take partial profits @ 0.835 and 0.830.
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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.