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On the H4 chart, an uptrend is forming. The instrument left the side channel formed by the boundaries of Bollinger Bands, breaking up its upper boundary from below. The indicator cloud is expanding, which indicates the probable preservation of the growth in the short term. MACD histogram is near the zero level, and its volumes are minimal. The signal line is moving horizontally without forming a clear signal to enter the market. Stochastic is in the overbought zone and its lines are directed horizontally.
The probability of the pair reducing remains.
On the 4-hour chart, the development of the third wave of the higher level (3) of V continues. At the moment, a downward impulse has been formed as the third wave of the lower level 3 of (3) and the development of local correction as the wave 4 of (3), which reached the Fibonacci level of 62%, and the wave 5 of (3) begins forming. If the assumption is correct, the pair may continue to fall to the levels of 1.1177–1.0687. The level of 1.2500 is critical and stop-loss for this scenario.
The pair may grow.
On the H4 chart, the development of the downward correction of the higher level continues, as part of which the third wave 3 is forming. At the moment, the first wave of the lower level i of 3 is formed and the development of the upward correction continues as the second wave ii of 3, in which the formation of wave (b) of ii has completed. If this assumption is correct, it is logical to expect the pair to grow within wave (c) of ii to the levels of 1.1170–1.1241. The level of 1.0632 is critical and stop-loss for this scenario.