Price broke from the downtrend which is confirmed by the trend line. and double buttom price pattern was formed which means reversal of the trend... the retracement is expected to be change from 0.78% fibo leve and long we be taken from there or 0.618%retracement level and our target will be to the previous high and 50% of the total trend.
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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.