It's already sitting on an 8c retracement just today and as I type, would be very surprised if it held $1.60. Also, $1.50 is the midpoint of the move from $1.23 to $1.77 and add to that the market has put on 300 points in under a week, so am expecting a pull back in the market as well.
New journey starts - To close 5 gaps, page-151
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