On the weekly frame, the price is rising from a very strong area, as we can see, and we are targeting my long term 800 pips, but on a 4 hour frame, the price broke the descending channel and met a resistance area compatible with 0.5 Fibo to go down and retest the trend line. You can sell after a engulfing sell candle to confiramtion non a break, then We take the buy position from the best entry point at 1.88700
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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.