ESL of 5 PIPS, MSL 10 pips, RR 1:8
We are looking at a possible 5th elliott wave finishing at the upper channel. possible break, retest and move up
Break of a trendline, continuation in the upward direction, retest on the trendline and move to the extension 1.618
Eliott wave projection
Coming to reversal zone 0.5-0.618, 75% retracement
We can see a pullback going to 0.5-0.618 zone and expected continuation of uptrend
This is what we can see on 15 min timeframe, double retest of the support line, RR 1:2
We can see a breach of a major resistance line on a Daily chart. So we can see 2 things happening here. Retest and continue going down or a false breakout an reverse to the upside
