Hello, God bless you,we are entering a wave5 (for the wave 3 extention.), the wave5 may be equal to wave3 or equal to wave1.
from the chart
0 point = 1.3245
Wave1 = 1.3722
Wave2 = 1.3423
Wave3 = 1.4050
Wave4 = 1.3859
Wave5 calculation:
Wave5 target price (equal to Wave1) = 1.3859 + 0.0477 = 1.4336
Wave5 target price (equal to Wave3) = 1.3859 + 0.0627 = 1.4486
the save entry for buy position :
buy stop = 1.4025, why ?
yesterday high = 1.4022
spread = 2pips
breakthrough =1pip
Stop loss= 1.3859 why?
the bottom of the wave4 =1.3859
to have a better entry and profit target you can monitor the 4hour or 1hour chart
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