In the weekly Time-Fractal, price has gathered high liquidity above the weekly range after completing two price moves. If price retraces to the support zone marked in yellow on the chart, and a suitable candlestick setup appears along with increased liquidity, one could consider entering long-term buy trades targeting 1.24000. Please note that this is purely an analysis.
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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.