The chart illustrates a well-defined ABCDE corrective structure:
🔹 Point (A): Rejection at key resistance near 0.02100
🔹 Point (B): Pullback to the 0.5–0.618 Fibonacci zone
🔹 Point (C): Short-term rebound & FVG mitigation
🔹 Point (D): Strong support reaction on confluence of:
✅ 0.786 Fib retracement
✅ Long-term trendline (yellow)
✅ Demand zone (bottom red box)
📈 Next Move?
If (D) holds, the pattern suggests a move toward (E), targeting the breakout above descending resistance near 0.02292, aligning with a macro FVG zone and prior supply.
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