Position taken last night was stopped out (tradingview.com/v/OW4gkSJT/). Now we're facing another possibility - pretty much similar to the former one. Momentum divergence still in play. Sell on break down from the rising channel. More aggressive sellers may sell the break through 0.236 fib level. Initial target: 1.5145. Stop above the recent high.
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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.