The price hit a strong support at 1.03457 with a strong downward movement
And on this support, a cup and handle pattern has formed
I expect,
according to the cup and handle pattern
and also checking some indicators,
that the price will continue to move in the descending channel, at least to 1.0207
On the other hand,
the specified target is exactly at the Fibonacci level of 0.618 on the monthly time frame
* Be profitable
Thank you for expressing your opinion by liking and commenting
And on this support, a cup and handle pattern has formed
I expect,
according to the cup and handle pattern
and also checking some indicators,
that the price will continue to move in the descending channel, at least to 1.0207
On the other hand,
the specified target is exactly at the Fibonacci level of 0.618 on the monthly time frame
* Be profitable
Thank you for expressing your opinion by liking and commenting
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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.