Not os bad if there are 4 things in favour of long position. Alternatively, when failes, you can play short, after retesting S/R and channel bottom line.
What we have here is:
What we have here is:
- 61.8% fibo
- AB=CD (potentially)
- S/R zone
- bottom line of price channel
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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.