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May 27, 2015 2:26 AM

EURAUD: Bullish Wolfe Wave formed at SR level. Long

Euro Fx/Australian DollarFXCM

Description

Bullish Wolfe Wave formed near SR level. A good Wolfe Wave should react at 127% or 162% Fib level. Only go for a long position when the price has broken the 1-3 trendline and showing reversal move. Related to previous EURAUD idea, this is maybe a sign the uptrend will continue
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