Triangle formed on this pair with a bullish impulse
if price breaks to the upside as expected, a small retest from the 78.6% level, to the trendline is possible before going up
price has consolidated before at monthly support zone
appropriate stops below 50.0%, support gives more protection
price has bounced off of 38.2%, 50.0% and 61.8% which indicates that we are in a pullback phase
expecting price to consolidate at 78.6% before going up tp TP's
if price breaks to the upside as expected, a small retest from the 78.6% level, to the trendline is possible before going up
price has consolidated before at monthly support zone
appropriate stops below 50.0%, support gives more protection
price has bounced off of 38.2%, 50.0% and 61.8% which indicates that we are in a pullback phase
expecting price to consolidate at 78.6% before going up tp TP's
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.