Pin bar has formed recently indicating sellers have regained control over the past few hours and maybe ready to push price further down. Price has also retraced to the 61.8% Fibonacci level. Sell order could be placed near lower end of pin bar candle. Reward is 2:1
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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.