We have retraced the February rise by 50 % Fibonacci now. As we are in bullish consolidation I expect a renewed test of the January high.
Trade closed: stop reached
I am closing the position at a little loss now. The price cannot get enough momentum to reach the previous high again.
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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.