We are testing the 38% fib + monthly structure. Assuming we respect it we can see a fall towards the next support zone (highlighed) and possibly our target upon evaluations. Otherwise, we could see a breakout towards the next 61% + monthly structural zone.
RR - 1:4
RR - 1:4
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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.