This trade doesn not offer the best R:R at 1.69, however given that many Fib levels and Support zones collide, it seems like a high probability trade to go Long at this level hoping for the the end of A wave, and aiming for the B wave. Note the RSI divergence on multiple timeframes
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.