Looking at daily chart we can see that after price broke thru last high of 62 sat we had a pullback to 61.8 FIB (also correction completed ABC on lower interval which has finished at 78.6 FIB last rally or Fibonnaci extension 1:1). Also I would like to point that we are still in strong uptrend on this pair and the next targets on my list are 79 sat which is fibonnaci extension 1:1 from big perspective also 161.8 fibonnaci from biggest correction. In my previous analysis I was pointing that below this levels at 73-74 sat we have 61.8 FIB which is also important but I think that we may have a small pullback from 73-74 area and fake breakout to 79 sat from where we can expect bigger correction (UP to 62-66 area) .
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
I bet this one gonna end up in massive bull run...
AbdulazizAlgha8
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I was wanting ur update, Thx sir
Coder775
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@AbdulazizAlgha8, I will do update but remember that if there is no update, that means previous analysis or this one was still valid. In my previous analysis and also this one I was pointing out that 73-74 sat area is a resistance and it worked out. so why would i need to do any analysis on this if scenario played out? I will do now another one pointing what may happen next.