4h time frame
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GMT is creating a potential cup and handle structure since our last analysis(as below).
We can set up a new trading plan from this CH and original Elliott impulse wave. Both of them indicate that the first target is around 0.46, and final is 0.6.
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TP: 0.46 / 0.6
SL: 0.2665
Market overall formed a downtrend, and on a 1h timeframe we can see a correction upwards, but recently market broke its higher lows sequence, went above the point of structure break, we are waiting for market to fall down to 1.44 zone which is where it broke a structure and we forecast it will continue falling down.
Entry: 1.44 (Or now for better R/R but more...
