The exchange rate has entered a correction phase. Therefore a correction wave is expected. This wave should be used for long-distance entry. The analysis shows that the exchange rate creates a fractal movement. Its size is similar to the size of the 1st fractal. Therefore, we can use this target price. And it can be seen that the exchange rate started to rise in the long run. In the drawing, I indicated a red "X" sign which fracture failure strengthens this image. The exchange rate can be traversed by a wave structure with triple structure within the 2nd fracture. For this z rising wave, the target price is 23.94 usd
Thank you for this post, I find it very useful! I'm currently starting to learn more about fractals
meszaros
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@Jaxpx, Thank you for your comment. Fractal analysis is a very useful and high trading strategy. But as with any other strategy, you have to practice it. But anyone can learn it. That's a lot of success.
Captain_Walker
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Gold has definitely decided to head above 1400 which is a key decision point. I expect people to go 'mental' on Gold - and Bitcoin (which has charged 200 pts north today). NOBODY with any sense, trusts equities and fiat currencies. The people are preparing for something major. We'll have to wait for it - as usual. 😉😀
meszaros
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@Captain_Walker, I agree with you. The rise of gold is good for gold mine shares. Barrick Gold has become the world's largest gold mine in recent years. The company's debt is falling sharply. The coming years can be a star share.