I have a SHORT bias here , however it is testing both my trendline, an important weekly support zone and also a 50% FR. Waiting patiently for a good break and Retest before confirmation. On another note if the 4hr candle closes above the trendline and support, I will look for a bullish entry confirmation to go LONG.


DISCLAIMER : This is just my idea and not for an investment purposes!


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FibonacciTrend Analysis

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