As we explained on the 4H timeframe, price is now on a corrective structure of the previous upside movement. We can observe that is on a Triangle Pattern, so we will wait for a breakout to take long positions towards the next Resistance Zone.
4H CHART:
*Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
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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.