-the projection in Daily shows a rejection level at 50% Fibonacci
-H4 the structure is bearish with lower highs and a crossing of EMAS 21 and 50
-H1 draw a Fibonacci in the last leg of the structure indicating rejection at 61.8%
ENTRY: first engulfin candle
TP: based on daily support level giving a 1:3 RR
SL 18PIPS
TP 57PIPS
-H4 the structure is bearish with lower highs and a crossing of EMAS 21 and 50
-H1 draw a Fibonacci in the last leg of the structure indicating rejection at 61.8%
ENTRY: first engulfin candle
TP: based on daily support level giving a 1:3 RR
SL 18PIPS
TP 57PIPS
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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.