$LIGHT Reading the H4 candle closing at 0.618, what does it indicate?

• 0.62–0.63 is a resistance level on H4
• H4 is NOT closing above resistance
• Any breakout above 0.625 on H1 is not confirmed by H4

👉 This is a classic sign of a false breakout / bull trap

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🧠 Core conclusion

H4 closes below 0.62 ⇒ Downtrend NOT OVER
Prioritize SELL – DO NOT BUY

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📌 Optimal action scenario

🔴 SELL (priority)

Safe entry method:
• Wait for the price to retrace to 0.62 – 0.625
• Or if H1 closes below 0.615 → sell accordingly

Stop-loss (must be):
• 0.632 – 0.635 (at the retracement top)

Take profit:
• TP1: 0.600
• TP2: 0.585 – 0.58
• If it breaks below 0.58: 0.55