It is probable that the pair first will make some kind of relief off the present level because of the last failed attempt to get a new Higher High and Higher Close.
If the pair retraces, I will be watching closely the marked blue area for a bullish signal, why?
- Respected Structure (Minor)
- 61.8% Fibonacci Retracement of the last leg
- 38.8% Fibonacci Retracement of the breakout leg
- 127.2% Fibonacci Extension from the last (small) relief
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