This is a trend continuation trade.
Price now is facing a resistance structure which is aligning with the 50% fib level of the last selloff leg.
Overall trend is bearish so this will be a riding trade wih high reward:risk ratio (the take profit placement is above the support level)
Price now is facing a resistance structure which is aligning with the 50% fib level of the last selloff leg.
Overall trend is bearish so this will be a riding trade wih high reward:risk ratio (the take profit placement is above the support level)
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