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07/04 06:12

$RLC 1h My expectation is that the price will retest the 0.924–0.916 support zone in the short term, find buyers there, and start a new upward move. In other words, a long opportunity should be looked for. For a long entry, wait for manipulation and a strong reversal candle (such as a pin bar, bullish engulfing, or a trend reversal on a lower timeframe) in the 0.924–0.916 range. If confirmation comes, the trade can be taken. First take-profit target is 0.948, and the second target is 0.954. Stop-loss should be placed below the swing low, and if the price closes below 0.916, the position should be exited. If the price drops below 0.916 and no strong reversal signal appears, then a pullback toward the 0.901–0.888 range is expected — where a new long opportunity may arise as well. If the price unexpectedly holds above 0.954, then bullish momentum accelerates, and a new bullish scenario may form.

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