The price is currently in a sideways range. After breaking below the lower boundary, a rejection was formed, indicating a false breakout. In this context, the logical next target is the upper boundary of the range.
Trade closed: target reached
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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.