In the current situation, a short-term trend line break has been observed. Currently, it is possible to open short long positions up to the above zone, but this is very risky. If the price breaks through the zone with a strong impulse and retests it, then the trend will continue. If there are no strong influencers due to the fundamental and political situation, then if the price retests the above zone, then there is a possibility of opening a short position at 1/3 of the distance. In this case, the price may reach the dotted line zone. The dotted line is a very strong support zone.
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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.