End of 4th is near to new highs

FX:EURUSD   Euro / U.S. Dollar
422 7 3
We are seeing now possible end of 4th major wave in uptrend. That 4th wave is completing as ABC correction with abc zigzag inside C. Hammer is forming at 4h interval. The key point is close to the 88,6% of 2nd major wave and the top of 1st wave. It's time to set long position with high Risk/Reward ratio. But if this level is going to be braked we will have a signal to short positions. Lets see...
Hi Paweld,

Do you think this is a definate breach or a false one?
paweld KevinT
I think that's the end of minor 3rd wave. Waiting for another impact.
a high possibility that the news tomorrow wil lift it up to the 35 region, agree
KevinT paweld
Really food for thought. Thanks for your feedback Paweld.
paweld KevinT
I think you might have leading diagonal forming 5 wave impulse with top where you have wave 3, then abc running flat as wave 2 and early stage of wave 3 in development.
It is possible too - agreed :)
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