Price seems to bounce at Fibo Retracement Level; which was also within the lower area of the red box highlighted. Awaiting price to close above the red box with a confirmation candle before taking a long trade.
Note
Price has went below the red box area; hence a short position was taken insteadNote
Short position was closed :)
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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.