It follows all my rules for a short and price action is more in line with what I would say is a B or wave 4 of an impulse. A double touch and resistance of the fibo give some what of confidence to enter. However in the last week this type of trade has not performed.
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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.