Short-term Buy
On the H1 chart, after breaking the short-term downward channel, the price may remain consolidated between the main channel and the short-term channel resistance for a while. Those seeking safer trades can wait for the main channel to break. On the other hand, risk-takers can enter long positions from current levels.
Our primary price target is the 38.2% Fibonacci retracement level. However, we might see a pullback from the 23.6% level before reaching this target.
Our primary price target is the 38.2% Fibonacci retracement level. However, we might see a pullback from the 23.6% level before reaching this target.
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