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ezodisy
Jul 13, 2016 9:00 PM

audjpy -- 4th wave correction Long

Australian Dollar/Japanese YenFXCM

Description

Looking at the current sideways action as the construction of a 4th wave for one more high to complete a five wave move from 74.547. I drew in two possibilities -- a triangle, or a move towards the 38.2% of wave 3 before moving higher. This pair has significant potential for longs (see attached chart)
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ezodisy
possibility

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