Shorter term (4h chart) there seems to be a running flat.
Our bias was up, and that this was a correction, with eventually a break to the upside.
That break seems to have occured, but we are still in a channel.
After the C wave was set, we had a leading diagonal wave (i) with a breakout wave (ii). We now need to break the upper channel for more upside. By the end of the week I expect to be significantly higher. 1.47 is teh 61.8% fibobacci resisatnce, but in theory this wave can go as high as 1.60, although I am not expecting it to go that high.
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