-On a 4-hour time frame, we can see that the price made a strong rejection in the support area, which may be a good signal to buy but I recommend to wait for more confirmation signals to be sure what to do next! -On lower time frames we can see multiple rejections but I am not going into a trade until I see more conformation signals like retests and rejections.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section!
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial advice.
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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.