Pattern: Bearish Fibonacci Channel on 4H.
Signal: Buy as the price hit the Lower Lows trend-line of the Channel which within July has always initiated a rebound towards at least the 4H MA50 (blue trend-line).
Target: 1.1800 short-term (right below the Channel's 1.0 Fib and the horizontal 0.382 Fib retracement) and 1.18500 medium-term (right below the Channel's 1.5 Fib extension which has been the top (Lower Highs) of the Channel so far).
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Signal: Buy as the price hit the Lower Lows trend-line of the Channel which within July has always initiated a rebound towards at least the 4H MA50 (blue trend-line).
Target: 1.1800 short-term (right below the Channel's 1.0 Fib and the horizontal 0.382 Fib retracement) and 1.18500 medium-term (right below the Channel's 1.5 Fib extension which has been the top (Lower Highs) of the Channel so far).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
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🤵Contact info@tradingshot.com t.me/tradingshot
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