Reasons/Traits : • Channel pattern breakout seen today • Bullish since last 4 days • Good strength in RSI and strong uptrend is seen • Perfectly following wave analysis • Price is making higher highs
What can happen next : Scenario 1 : Price sustaining above 890/892 can take the price to 920/940/960 levels to complete ABCD pattern Scenario 2 : Price breaking 892/890 levels can go back to test 0.236/0.382/0.5/0.618 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Scenario 1, first two targets reached, next bounce should hit target 3