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InsideMarket
Nov 24, 2015 6:27 PM

AUDUSD - The path of Aussie/Dollar. Long

Australian Dollar/U.S. DollarFXCM

Description

This forecast assumes a bullish expectative for the following weeks. Just after the "take off" (breakout of the major 'B' wave) a small consolidation appears to draw at chart. If it is true, it can be 3 wave OR 5 wave pattern.

As long as the price plays along this forecast, more likely is the bullish momentum for the following weeks. (Check the targets for the major 'C' wave up).

Happy trading!

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Comment

3 waves consolidation it is.

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