Price is currently in a resistance zone and we can see signs of rejection to this area with multiple wick rejection. Once price does not breakout of this zone look for sell entries on a lower time frame. However, if price does breakout of this zone, wait for a retest before looking for bullish trades. Happy trading!
Trade closed: target reached
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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.