Using the fib retracement tool from the last dip we had to the recent top, it looks like this pair has reached the 50% retracement. Looking to if a bullish hammer candle is forming to get a potential confirmation that the pair is going to reverse from here. If we do reject the current area, there is a good chance that this pair will likely target 80.000 as the next major resistance.
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Related publications
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.