We may expect the price to retrace to retest the previous resistance if it is rejected from the Fib level again. On last Friday, we saw an interesting price rejection at the resistance which might develop in a pull back during the next week. Wait for a consistent rejection to enter the trade.
TARGET -->
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Trade active
Price retested the zone and was rejected. Waiting for consolidation and further drop.Trade closed manually
Closed at 1.36
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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.