Bullish momentum. Price has broken a previous high on the 1hr time frame. Price has retraced to the 61.8 fib zone showing price action on the m5 timeframe. I believe that the bullish momentum can break the strong resistance after rejecting it a number of times. I could be wrong so good risk management is always important.
Trade closed manually
Closed trade in profit. 1:3 risk to reward.
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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.