rcjugg

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- If wicks are ignored, we can say price has broken daily dynamic support level, now waiting for retest before long position - Double bottom on 4hr indicates reversal of market sentiment to bullish, USD weakness has also facilitated these market conditions

rcjugg

- Could see price continue to respect daily dynamic resistance, and reject to downside - Sitting at 61.8 Fib level, indication of reversal - Clear bearish daily market structure, added confluence for possibility of next bearish impulsive move

rcjugg

Clear bullish channel, price sitting at dynamic resistance. Will be expecting rejection to downside seen as price is quite overextended. Highs unseen since 2018 and RSI showing rejection of upper band. Let's see how the market develops going into the next trading week.

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1:7.5

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1:8

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Will take position according to how price action develops

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*Technical analysis only*

rcjugg

- Price currently in consolidation phase, bouncing mostly in between the 1.38 and 1.4 levels - Will be anticipating either break and retest before push towards 1.42 or bounce back to downside

rcjugg

- Clear bullish market sentiment, with higher highs and higher lows forming - Price respecting dynamic support - Will be awaiting corrective move to green zone before taking long position - Target fib extension based, 1:5RR -

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1:6

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1:5

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1:4

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1:7.5RR

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1:4

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Break and retest confirmed, now looking for continuation to upside

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1:4

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1:4

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1:6