Possible Long. Fibonacci, Trendline Bounce, and Divergence. Higher time frames indicate an overall bullish continuation, but lower time frame market structure signifies a short term bearish move. SL is fairly far away, yet a 1:3 play is still efficient. Cutting losses short(er) than emplaced is also a good trait.
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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.