Hi traders, Price has broken to the downside and is likely to test the 0.618 fibonacci retracement (Daily), I am anticipating a retracement back to the previous support that became now resistance to get a better short entry price. I will also watch the RSI for an oversold condition to confirm the analysis.
Happy trading
עסקה סגורה: היעד הושג
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תגובות
AleksandrKorshunov
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Nice chart analysis.
Niverto
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Thanks Aleksandr, the more we keep it simple the better the clarity of the analysis.