We managed to see a BEARISH engulfing candle today which may signal to us that the movement above 1.618 fib level could be a potential fakeout and that a BEARISH retracement is about the occur. I will be looking for a 38.2 fib level retracement which is also the support level @0.8940. As of now, I will target this level before any further any update.
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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.