$MAGIC is showing a strong bullish structure after bouncing from a key support zone and forming higher lows on the lower timeframes. The recent price action indicates accumulation with increasing volume, suggesting buyers are stepping in and preparing for the next upward leg.
The consolidation near resistance reflects healthy market structure, and a breakout above the immediate supply zone could trigger a strong continuation move. If momentum sustains, the pair may push toward higher liquidity zones where previous selling pressure existed.
Targets (TP) TP1: 0.0720
TP2: 0.0750
TP3: 0.0790
Stop Loss (SL)
SL: 0.0645
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