The price has broken the channel in the daily time and pulled it back. So in the down time we look for sales opportunities. In 1 hour time, the uptrend line is broken. We expect a 50% Fibonacci price correction to the supply zone. After that and seeing a downward confirmation candle, we enter the sell deal.
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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.