A major area of resistance a the 61.8 with a perfect engulfing pattern made on the day.
If you look on the higher time frames youll clearly see its on a down trend, and as everyone knows,
"THE TREND IS YOUR FRIEND" SL right about the Resistance area and TP and the 0.0.
618Chart PatternsFibonacci RetracementTrend AnalysisWave Analysis

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