Daily time frame: Draw fib from (Point A) 0.78092 to (Point B) 0.81260 and you will see AU has retraced to the 38.2 PRZ and we can see more bullish movement with tomorrow news coming out. Also with price creating more HH, HL and a up ascending trend which still indicates we are in a buyers market.
On the 4 Hour time frame you will notice structure was never broken on which is around the 0.80060 area and we have a rejection of of the 78.6 which is another PRZ
On the 1 hour time frame you will notice structure was never broke and that price sits on the 61.8 and can potentially go to the 78.6 before heading bullishes.
BITCOIN ‼️ Can we see bitcoin reach 5,800?
This is an exciting currency pair to watch over the next couple weeks even the next few month. Bitcoin has created an ultimate high when it reach 5k per coin. Then it took a little dip all the way back down to 2981.40 rejecting off of the 61.8 PRZ (Price Reversal Zone) on the on the daily time frame.
If you take a look at the weekly you will notice that it time for bitcoin to explode up to 5800 dollar range with a reversal pattern (Morning star) which indicates bullish movement for this pair! 📈📈📈