In my opinion there will be a short term rise based on a 1:1 fib extension This trade with a 1% stop loss set and an 11.5% potential gain has a R:R ratio of 7.88:1. I'd like to hear any ideas you might have as im pretty new to TA and am looking for some good feedback on why you think this will or will not work
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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.