From where we placed the red arrow on the chart, it seems that FTM has entered the correction phase.
It seems to correct an ABC with a more complex pattern.
Now it seems that wave A and B are completed and the price is entering wave C. Wave C is bearish.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis invalidation level : 0.7695
For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
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