Alikze > FIL | Wave 3 or C continues bullish

In time D1 and W1, it is moving in an ascending channel. In continuation of the analysis of the previous post, where we examined the upward micro-waves of wave C, in this post, the long-term trend of the currency is placed in the 3rd big wave or C, in the long term. Pay attention to this wave, regardless of the fact that it will have small corrections in the low times, the target of $12.5 must touch 100% of the wave. It has completely broken the supply area of 6.25 and is currently in the supply area of its previous ceiling, which you can enter the upward trend until the target range of 1.28 and 12.5 dollars.
So I will try to provide the necessary updates for the post in the low times.
🟩Sup: 6.25 ~ 7.03
⛳️Tp 1:10.28
⛳️ Tp2 : 12.5
⛳️ Tp3 : 16.886 ~ 19.530
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Comment:

Comment:

excellent. After the support in the specified range and now break, expect a pullback to the 7.82 area for targets 9.52 - 10.28

Comment:

Until the candle closes above 8.60, the risk of buying position is high.

Comment:

The probable scenario should be in the correction of the 4th wave that is forming. It cannot be said that it is completed. The most likely move is to penetrate below 7.81 and then pull back on it and continue the correction until at least 7.03, which if the correction is complicated, it will touch 6.25. Classically, a cup pattern is formed for which the cup handle that can form a descending channel is likely. If you have a buying spot, wait for it to break 8.60 and ride in Pullback. If not, this is not a good place to buy.
My personal opinion would be a sell position below 7.81 for the 7.03 target which is shadowed by the candlestick where there are buy orders and liquidity. Therefore, any upward correction will have selling pressure to continue the correction up to the indicated areas. If the area is broken, the downward scenario or continuation of the correction will be violated and it can continue another rally, which should be re-examined in its own time.
But in the whole structure, in the medium term, it is in its ascending wave 3, which should be eroded in wave 4 at the moment. If it is finished, the ability to grow up to at least 0.78 fibo will have the range of 10.28 and then 12.80, which if wave 3 is extended, numbers 17 and 25 will be available.

Comment:

According to the plan, it does not have the ability to break the range at the moment, and the green box will probably be retested, and if it does not return strongly, it will break downwards.

Comment:

Good reactions to the areas for pullback draw path

Comment:

With two retests of the green box area, which was previously mentioned in the pullback range, it has now broken the ceiling and the recent supply area, the first target of which is 9.37, and then the 0.78 Fibo range of the previous wave, which wants the ability to reach 10.94. had In addition, it can be investigated in the case of a pullback to a broken structure.
If the behavior and structure of the post changes, it will be updated.

Comment:

Touch target 9.37 and reaction to it.

Comment:

In time 8h, this upward cycle was completed in the range of 0.78 and the supply area, as well as the ceiling of the channel, and after that, it faced a three-wave correction, which was carried out up to its previous major ceiling. Therefore, we should wait for the formation of a return pattern.

Comment:

With a three-wave correction, it re-tested the major ceiling area and is currently breaking the supply area for the next limited target of 100 fibo of the previous wave.

Comment:

In the corrective wave, we entered a sell position and the third target was also touched.
What is your opinion about the continuation of the currency trend?

Comment:

Scalp Position...

Comment:

After reaching the range of 100 previous waves, according to the type of behavior and structure, there are two behavior scenarios ahead. If it penetrates below 7.81 and stabilizes below it, it can take a downward path. But as long as the top of the box is green and the range is 7.81, you can retest the 0.78 Fibo zone.
If the behavior and structure of the post changes, it will be updated.

Comment:

According to the analysis, after the lack of stability in the region of 7.81, this fall occurred and the corrective scenario was revealed.

Comment:

According to the presented analysis, this zigzag modification has touched the target. In the future, it can continue the process by creating a structure, which should be updated after the formation of the floor and higher ceilings. Now we can wait for the confirmation of the continuation of the process.