I think this rally is almost over for now.
Final target in monthly chart is above, but needs a 4th wave before imo,
In terms of waves on 1H we are now on the 5th wave of the 3rd in my wave counting system.
This wave should end at 0,86776 and return to 0,85917 with the main 4th.
After that I expect the final 5th to target 0.8705. That target is the best point to sync with target down (Daily) 0.8419.
However 0.86750 -( dotted line) also syncs with that target on Daily chart, so they could go direct from there or at least try.
Any question please contact me on the Forex Chat on tradingview.com
Good luck
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
Final target in monthly chart is above, but needs a 4th wave before imo,
In terms of waves on 1H we are now on the 5th wave of the 3rd in my wave counting system.
This wave should end at 0,86776 and return to 0,85917 with the main 4th.
After that I expect the final 5th to target 0.8705. That target is the best point to sync with target down (Daily) 0.8419.
However 0.86750 -( dotted line) also syncs with that target on Daily chart, so they could go direct from there or at least try.
Any question please contact me on the Forex Chat on tradingview.com
Good luck
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)