OANDA:EURUSD   Euro / U.S. Dollar
I've been looking at this a little bit. As far as I can tell, we seem to be in an ending diagonal. You see the .618 level. If it breaks out of this small ending diagonal to upside, that can change things a little, but as long as it stays in this small channel, I wanna see it break the bottom trend line and reverse. That makes this a 5 wave, following a 5 wave, so I would expect a larger correction to happen and would look to buy then.

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