Wave a (non-standard small x wave ) of wave 5 is awaiting

The price has the potential to come down to 1.22808(50%) or lower and then follow by wave bullish candle to form wave an of wave 5.

You can bid at 1.22808 (50%) or 1.22744(61.8%)
Stop-loss a little bit lower
Target at least previous high 1.23092
Risk reward estimated a little bit more than 3:1
elliottwaveanalyislongsetupWave Analysis

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