Price has almost reached the completion of two ABCD patterns within a large daily ABCD with completion right at the tops from 2007 around 108.The 76,4 fib of larger and minor pattern has become a support and resistance level at 95,30. Longs that aim for 97,5 and 100 should be place below this level around 94,50. 100 level is the1,61 Butterfly sell level and a ABCD 127ext D point. Price has stopped at 88,6 fib of CD leg and coiled below it and above 95 level but price now attemps to look higher.
Comments
ForceFollower
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Yes, I can also see a lot of bullish potential in this pair.