On this trade I am going to remain neutral until price breaks above the yellow line. However, simply because of where price is located now it's a very good risk to reward ratio and it could be entered into now.
completed 161.8 extension
61.8 fib retracement of the bullish macro trend
currently breaking bearish trendline acting as resistance
completed 161.8 extension
61.8 fib retracement of the bullish macro trend
currently breaking bearish trendline acting as resistance
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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.