At the daily chart , a correction to a strong downward impulse has been completed. We have reached the 61% Fib Level that also happens to be a past Support & Resistance level. I don't think the price will make any new highs right now, according to my analysis everything says sell. Take profits were calculated via Fib Extensions and S/R Zones
SELL
Entry: 1260
Stop Loss: 1270
Take Profit 1: 1199
Take Profit 2: 1180.25
Trade Safely
SELL
Entry: 1260
Stop Loss: 1270
Take Profit 1: 1199
Take Profit 2: 1180.25
Trade Safely
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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.