We created this set up in February as our template for trades over the last few months. We secured pips on the short to the Trend Line but now we broke the trendline and we are testing it as support. We could see a push upwards towards the 61% Fibonacci + structure. However, if we treat the TL as resistance we can make it to TP 1 .
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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.