Divergance forming on the 4h already and is already prominent on the 1 hour. Most likely count for this structure is an ending diagonal for the 5th wave of the A in this corrective struct. 1.17 region looks like a solid short term target before we head further down for the C wave.
Note
Broke topside as expected and touched 1.16 area where we are likely to see some pullback towards the 1.15200 region before continue to our target of 1.17Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.