Price return expectation according to the valid Fibonacci perc.
In the weekly time frame, the price is on the valid Fibonacci range(141.40 Percent). In addition, the long-term trend line has also been touched. The combination of these two reasons makes us expect to return. With this conclusion, it is expected that the price will take the upward path according to the image and meet the set goals.
Note
The formation of a bullish pin bar in the weekly time frame at the intended return location also strengthens the above analytical inference.Trade closed: target reached
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