Simple trade idea today. On the H4 chart we can see price has recently broken out of structure which was respected as resistance several times in the past, thus we expect previous resistance to become support as it is broken. If a Fibonacci is drawn from the low to the high of the last push to the upside you would see price is retesting the 618 fib level. i have already entered a small position based on the rejection that i am seeing with stops just below structure and first targets at last high.
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Please leave a like if you agree with this analysis and feel free to share your idea and leave a comment.