long setup
Next target 1.34425 - 1.34630
Note
Note
It is obvious that we are in correction of wave {iv}, which give us a target 1.28250 - 1.28290 which means we will have the opportunity for somme short setups.Note
The possibility that wave (5) has started is 50%-50% , in this particular moment, relatively with wave (4) that seems it doesn't finished yet. Two elements are against to this, the exact spike candle in 1.618 fibo ext and second , this happened at the end of the subwave 4 (EW Theory).So, if the correction stays on the wedge, there is possibility to have an other uptrend movement, wave {v} of (4).
Note
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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.