the direction of price movement is trading downwards, we see a pattern of lower highs and lower lows being formed. price has respected our fib region, broken the trendline and retested, therefore we could expect further downside to targeted regions.
risk/reward ratio 1:2
risk/reward ratio 1:2
Trade closed: target reached
TP was comfortably hit
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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.