It is currently facing a strong resistance and we might see correction of 23.6% to 38.2% fib levels which is a perfect demand zone as I have marked and EMA'S are also acting as a strong support there.
And incase if it breaks the resistance and we have seen a successful retest there then this is also a good buying point after breakout and retest.
And incase if it breaks the resistance and we have seen a successful retest there then this is also a good buying point after breakout and retest.
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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.