The price was rejected from the 4h resistance and have now hit the 4h support area. I expect this support to provide enough bounce to the price to aim for the 4h resistance zone again.
Trade closed: target reached
That was quite quick. The price moved quickly up to the resistance zone marked. And now it is facing some push back from there. We should analyze further price action in a new post.
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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.