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Sostratos FX Daily Strategy: Buy EURUSD: Entry: 1.22640, Target: 1.23440, Stop Loss: 1.22340
Sostratos FX Daily Strategy: Sell GBPUSD: Entry: 1.50020, Target: 1.48720, Stop Loss: 1.50370
A possible move on the euro...
Corrected slightly.
Who has any thoughts on the Ozi. I think in the short term the decline will continue...
On the OZI, the thoughts are as follows: on the hourly chart it is trying to break the descending channel from the bottom up, if it breaks it will draw an inverted GP; I put a pending order at 0.8520.
If the price continues to move in the channel and leaves the uptrend, it may go down 150-300 points; respectively, put a stop-loss on breakdown of the local low at 0.8315
So far so good...
The Euro is showing a divergence on the hour and a 5 wave pattern may already be in place, so we may go like on the screenshot, and if we go like that we may make a GP... imho
I reckon the 5th in C is over...