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ronaldsaw
May 24, 2017 4:24 AM

ABC Correction. Wave B near completion Short

British Pound/Japanese YenFXCM

Description

Wave A complete and Wave B almost complete. It should hit the 618 fib at around 145.50 mark.
It looks like a good idea to go short if you're not already in. first target: 143.3 and if it pushes that it will most likely hit 142.00 which are .50 and .618 fibs. Maybe even lower.

Comment

It didn't hit the .618 but it rejected the price.
Looking now to complete wave C. Rule of alternation; Wave B was complex so looking for a quick swift completion of wave C.
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