The trend line of the 4h timeframe is bullish and the price on the trend line is in the 61.8 Fibonacci aria, and the possibility of an increase to the price range of( 2687 Red Area )a short-term test for bullish trading, and after testing this part, we will prepare for a long-term bearish trade according to the price behavior.
It seems that the price has corrected time in the short wave of rest and reached the range of 61.8 Fibo, and the upward wave from the beginning of the momentum has reached the point of Fibo of 61.8 and can climb to higher prices according to the long-term upward trend and ascending pin bars. In the same area
In this red range, there is a break-out area with momentum and Fibo 618 and a break-even trend line of the 4-hour trend, can be easily seen in the 1-hour time frame. It is predicted that the price will fall to the price range of 1.1100 to 1.1080 and even lower