Price is currently in a bearish direction. Last week it had finally broke out of consolidation and also broke through the trendline on the higher timeframes which were daily and weekly .. Based off my analysis price will continue bearish until it reaches 38.50 then retrace turning to a bullish direction until it hits 38.2 fib level which is also near s/r zone. TP being 39.50 area. After the retrace it will continue in its overall bearish direction.
if you agree with my analysis please like or comment your input.
if you agree with my analysis please like or comment your input.
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