Structure of a bearish channel present with some false breakouts. Currently, price looks bullish with some supportive price action but overall remains in bearish landscape. Looking for a short opportunity when price reaches the heavy resistance zone thats marked up. Zone corresponds with the Fibs Golden Pocket ratios.. Short price to bottom of Fib.
Note: Trade at your own risk
Note: Trade at your own risk
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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.