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Although the price has been fighting to get into a healthy correction, to heal the EMA's overextension, a strong area of resistance continues to work as a line of defense, preventing the upward movement toward the FIB's golden levels.
If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed
The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:2 -
T/P: support level
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If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed
The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:2 -
T/P: support level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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