Ending diagonal is forming the fifth wave on 4 hour chart. Once price shows the reversal candlesticks, one can sell. The reversal may end to the starting of the wave 5 or ending diagonal's starting point.
Hi, what is the next target in this pair accordign to you?
Sandeep_Gupta
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According to the observations, the correction after the ending diagonal completes lasts up to the beginning of the diagonal, in this case , as I have pointed out it may correct up to 0.93947.
NikNik
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thanks.. do you have any target for chf/jpy?
AleksandrV
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Thanks
Sandeep_Gupta
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Welcome.
IvanLabrie
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Perfect, I'm with you on this one, but I originally spotted this as a bigger wolfe waves pattern in the daily.
4h ED looks solid.
Thanks Sandeep ;)
Sandeep_Gupta
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Welcome.
NikNik
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hi Guptaji.. what is your take on chf/jpy?
Sandeep_Gupta
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Double top is forming on 4h chart, let some reversal candlestick form then one can sell for a target of 119.413.
NikNik
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Thanks Guptaji. Today we are seeing a sell off from the highs of 124.50.. So, we can target 119.50 now?