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traderWgun
Feb 22, 2016 10:01 AM

Higher in a complex manner Long

Australian Dollar/U.S. DollarFXCM

Description

Looks like we are in a complex correction from January lows.
The two first legs of the correction got completed at .7242 high,
from where we got a correction to the .382 fib level.
After that we got a leading diagonal wave A and a flat wave B

The markets needs to hold .706 and more importantly the .697 lows
to see fresh highs above .7242 high.
Minimal target is at .727/8 where A=C comes in,
and from there we could see an advance to .737 level where W=Y.

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Good luck!

Trade active

Here is an update:

Trade closed: target reached

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