Title: "Technical Analysis of CFG/USD in 1W: Impact of AMD and Formation of the Double Bottom"🌕💫💢🌖💦
Subtitle: "Price Outlook and Long-Term Goals"🎗🌕💫💢🌖💦
Introduction: In this technical analysis, we explore the price action of CFG/USD on a weekly time frame, highlighting the impact of an AMD followed by the formation of a double bottom. This pattern led to a significant breakout, propelling the candle up to the Fibonacci zone between 0.618 and 0.86. After a correction to fill the price, we anticipate a bullish recovery targeting the next expansion bars 1.272, 1.414 and 1.618.🎗💥🌕💢🌖💦
Summary: The formation of the double bottom after the AMD breakout was a positive signal for CFG/USD, with an optimistic long-term price outlook. Traders are now monitoring Fibonacci levels to identify potential entry points, with a clear goal of breaking through subsequent expansion bars.#CFG#USD#TechnicalAnalysis#AMD#DoubleBottom#Fibonacci#BarreExpansion1272#BarreExpansion1414 #BarreExpansion1618🎗💥😁💢🌖💦💦