US30USDOn the 1D TF, price has retraced to the 50% fib zone.
4H with Fib overlay price has retraced to 50% fib zone, next week looking to SHORT once price taps the OB @34340.9 making a reversal down to OB @30085.6 which exactly lines up with the 23.6 fib line.
There has been a CHofCH which hints that price ha completed it's retrace on the 1D and 4H.
Moreover there is a large FVG that needs to be filled at the the 23.6.
LONG once price taps the 23.6 fib target. 1% risk.
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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.