Current structure indicates we have a leading diagonal pattern in development.
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Big candle today it can be a reversal point and begining of new up wave,
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Bigger picture on daily.
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We should get a nice buy to trend line this week or next one and then one more down.
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I expect this down move to go bit deeper and than another leg up which should take few months at least to complete bigger degree 5 waves structure and than same deegre ABC as a corrective structure to downside before next impulse up.
Watch for buy set ups soon as we going to have excellent opportunity to gain hundreds of pips
Watch for buy set ups soon as we going to have excellent opportunity to gain hundreds of pips
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Please ignore above screenshot.
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We are very close to reversal point.
I will be looking for long entry opportunities.
I will be looking for long entry opportunities.
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Structure develops as expected
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Expecting more upside within current wave.