Dear Colleagues, this scenario is an alternative to the previous one. It is quite possible that the price will continue to decline at least to the area of 100% Fibonacci extension 1.08054. Wave 3 is never smaller than wave 1.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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it is possible that the price will not reach the target before the end of the week, but this does not cancel my scenario. Don't forget to put your trades to breakeven!
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Dear colleagues, I expect 2 scenarios for the coming week. In both scenarios, I expect the price to decline to the target level of 1.08054. Either the price will immediately start to decline, or it will cross the Invalidation level and then start moving towards the target. In the second case, the wave structure is redrawn, in which all downward movement will be wave 1.
Great idea, also my view is short toward 1.092 where price could change structure. In fact there we have an H4 buy zone.
MyCryptoParadise_Nathan
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Spot on with the Fibonacci extension scenario. It's always wise to prepare for different outcomes. Adjusting to market movements while managing risk is key! 🌴📉