Daily: I do see price retracing up to 1.1316 daily resistance + 0.5 Fibonacci level creating a new lower high (LH).
4hr: Once 1.1316 resistance has been reached we need to see a bit of rejection ad for that level to hold before selling down to 1.1150 for our first. target.
happy trading
Note
Wait for price to touch blue area of resistance again on smaller timeframe the sell!Trade active
SL@ : 1.13822 (40pips)TP@: 1.11568 (185pips)
Trade closed: stop reached
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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.