According to its price action, FABL is currently trading within a corrective structure, with a strong support zone identified at 45, offering a strategic entry opportunity for long positions. The price is moving within a downward-sloping channel, indicating a consolidation phase, with a potential breakout towards higher levels.
Entry Zone: Around 45
Stop Loss: Below 43
TP1: 51
TP2: 54
Risk To Reward Ration = 1 : 4.50
Entry Zone: Around 45
Stop Loss: Below 43
TP1: 51
TP2: 54
Risk To Reward Ration = 1 : 4.50
Trade closed: target 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.