The price retraced from 4h resistance and has bounced again. However, I think this is a nice setup for short trade. The price should come back to hourly support around 9.29-9.33. Lets target that.
Trade closed: target reached
So the price fell down to the hourly support as we expected. This concluded our trade. Currently the price is bouncing from this hourly support HS1. Lets look for the next setup in the next post.
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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.