On the H4 timeframe, We see the possibility of bearish continuation from our sell entry at 1.27834 in line with horizontal swing high resistance towards our take profit at 1.26643 in line with the 100% Fibonacci extension level. Alternatively, price may hit our stop loss at 1.28141 in line with 127.2% Fibonacci extension.
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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.