Expecting a rejection at around $3.8. Could see a failed breakout and correct to levels of $3.7 on an intraday level. A close below $3.7 could lead to a meaningful correction of about 10%.
Trade closed: target reached
Target of 3.7 reached. One can hold for a further dropdown to a level of 3.6 also. On a Daily timeframe also Shorts looking exciting.
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