This chart shows a classic retracement phase after a strong bullish run.
Price dropped from the top and respected the deeper fib zones, but the key part is this 👇
👉 It didn’t break the strong support (~1.8910)
👉 Instead, it started forming higher lows from the 0.236–0.382 region
That tells me sellers are losing control slowly.
Now price is trying to reclaim the 0.5 level, and if it holds above this zone with strength,
we can expect a continuation push towards 1.9240 area (~170+ pips).
I’m not rushing entry here —
I want to see a clean bullish structure or breakout confirmation before committing.
⚠️ If price drops back and breaks below support, this idea weakens.
My view:
This is not a reversal from bottom…
This is a pullback preparing for continuation upward 📈
Price dropped from the top and respected the deeper fib zones, but the key part is this 👇
👉 It didn’t break the strong support (~1.8910)
👉 Instead, it started forming higher lows from the 0.236–0.382 region
That tells me sellers are losing control slowly.
Now price is trying to reclaim the 0.5 level, and if it holds above this zone with strength,
we can expect a continuation push towards 1.9240 area (~170+ pips).
I’m not rushing entry here —
I want to see a clean bullish structure or breakout confirmation before committing.
⚠️ If price drops back and breaks below support, this idea weakens.
My view:
This is not a reversal from bottom…
This is a pullback preparing for continuation upward 📈
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.