Euro is moving higher as expected to complete the 5th wave of an ending diagonal. The top has to be anywhere between 1.2093 and 1.2247 without breaching the red channel. For any trade based on expectations of an anticipated ED the stop loss is well defined ie, 1.2247( as per EW theory the 3rd wave cannot be shortest so if we project 5th wave to the length of 3rd wave we get 1.2247). Safe traders can wait for the formation of 5 wave fall after the completion of ED or for the breach of red channel. Good luck to all
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