long setup

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Next target 1.34425 - 1.34630

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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.

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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).

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