Until the closure of this week, prices are still stuck in support. Although there are several bearish candles that are quite thick, but not enough to form a new low structure. There are several measurable targets that can be anticipated every time the price succeeded in penetrating each SND area.
In the last 10 days this pair was seen experiencing bullish, but in my opinion, this pair is still in the complex correction stage and there is a most likely to occur bearish.
I look for opportunities to do this short and analysis valid as long as prices do not rise higher than invalid areas.
the price managed to break the bullish trendline and form a bearish structure for now. If we pull the Fibo extension, the price is right at level 1. There is a possibility that the price will still go down to Fibo 1.618 where this area also intersects with strong support.
if we pull the trendline as in the picture, it looks like a bullish channel. today there has been a high enough bullish movement to form a BoS. the closest target is the channel trendline above.
for now the price looks bearish. if we pull the fibo retracement, then there is a possibility that the price will be pulled down to strong support in the 0.236 area, where the area is also an SnD area and also as an SR Flip area.
for now I think that this pair is in a correction period, with the price having fallen more than the correction confirmation line and now it is likely that it has formed wave (1) and is entering the correction period of wave (2), which means that our focus now is to look for a sell area around the trendline bounce or maybe in the SnD area above.
Hellooo...My Dragon Friends
I see GA for this moment already touch the higher part.
I need some retracement for get more higher than higher.
Lets see and waiting for retracement part
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