Short-term Buy Set-up

It simply looks like a 3-waves correction (green a-b-c) after the initial impulsive rally (red wave 1 or a) .

The short -term bullish target could be re-test the red wave a high at 0.73818, the stop could be 1 pip below the previous low at 0.72025.

If we are lucky, this could be a wave 3 rally instead of c.

correctionElliott WaveimpluseParallel ChannelTrend AnalysisZigzag

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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