Trade Setup:
Target 1: 0.2416(0.786 Fibonnaci Golden Zone).
Target 2: 0.2195 (0.618 Fibonnaci Golden Zone).
Target 3: 0.2040 (0.5 Fibonnaci Golden Zone).
Target 4: 0.1382 (0 Fibonnaci).
Stop Loss: 0.2979 (1.272 Fibonacci).
The RSI is at 84.33, indicating overbought conditions (above 70), which suggests a potential reversal or consolidation may be near unless the trend strengthens further.
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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.