this is my analysis whenever we reached down to this monthly key level, the price has just been trapped. yes we are in a consolidation market currently and weve been in this zone for about a month now.
i see that price broke the trend line, and retested a zone for a pullback to 78.6%. i believe we had a break of market structure and price decided to pullback. weak buy opprotunity, but im down for it.
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i believe the pair will go higher.
price is struggling cause everyone is getting out.