Looking at the overall trend this is a retracement to the support level before it heads back down to break the current low of the week.
Trade closed: target reached
Hit my goal very early and I decided to sell down to the previous week low. It was very profitable as I expected. Still I am a new trader so always remember proper risk management.
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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.