My analysis was on the 1 hour timeframe and a small position. When I looked at the daily timeframe, I came across a range that could work very well. I have a Fibonacci line that is 86 and I love this line. In one of my tutorials, I came across this line that in range bounds, the trend reversal always comes and touches 86. It has touched the high level and is changing the trend downwards and we can ride this wave.
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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.