EUR/USD H1: At 1.2887 wave Y is 61& of wave W. At 1.2800 :Y=W. So far FTC hold nicely wave b up in three waves. Now we got:
- three waves down as wave c of Y is finished at 61%
- 1-2-3 waves down as we wait for futher waves 4 and 5 to develop full five wave
structure to the downside. It might even get to the 1.28000 level
The high/low that will be taken out first would determine futher price action.
Seb
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