This is a risky trade, it is based on a continuation of the previous laddering down. We are approaching the Real leg of the move. If there’s going to be a reversal, it should happen quite soon. It has a good risk reward, so only take it for a small amount risk. Theoretically price should move below the indicated take profit as well in three waves..
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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.