Let's look at this analysis. With particular regard to the percentage of past and current movements in the exchange rate. A definite fractal sequence can be identified. I use percentages because scaling of the vertical axis is logarithmic. Therefore, in this case, the basic rule is that the rate may be the percentage movement of the exchange rate. If the theory is correct, then the rise target price is 344 USD.
Sorry I went short at 300 and haven't covered yet.That can happen at any moment but I think we touch 180 again before making the move you describe in your chart.
meszaros
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@bzmc, Thank you for your comment. I agree with you ...... you always look critically at the analyzes. You don't always have to tell the truth to others. Because your own money depends on you. These analyzes are the result of 4-5 different calculations. However, they may make mistakes. However, it is also an indication that we know that it is not good. Because one thing we expect and the other is what happens. If the market sentiment changes, we know where it changes. Because it is different from the analysis. So I want you to be successful in trading. And if I see that the analysis no longer works, I close the tradet based on risk management principles and go on. I wish you a nice day.