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TomBurgoine
May 22, 2016 11:06 AM

GBPJPY Long Long

British Pound/Japanese YenFXCM

Description

Going through the elliot wave motions, we can see that wave 4 of the bigger C wave has started. I believe this will keep going short until it touched the V stop and then will start the wave 5 long. Look at the MacD and RSI indications to indicate the reversal andante at the break of the trend line as indicated on the drawing.
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