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Originally Posted by EACAN
On 4hr Clearly for now this shows a retracement not starting of a new trend i will wait and see where it would like to go from here .
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so i went long 1.2614 stop i left at 1.2584 ( very tight ) tp is at 55 sma on 4hr --- according to books 4th wave will be quiet different and will take more time then 2nd wave so will see about that.