Price has pulled back into a key level zone of support & resistance looking left, where a very strong movement has occurred. This zone also aligns with the 61.8 fibonacci retracement & is a very strong area of confluence where above this region I could see buyers push price back to the upside again.
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4 Hour Timeframe Outlook
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Weekly: Potential Inverted Hammer candle at the key level zone
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Nice initial movement from the key level zone for over 50 pips currently
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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.