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How to work with Elliot wave - GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Classic structure of Elliot`s impulse wave is coming to the end. The 4th wave is stopped and retracing back from 38.2 and 50.0 levels of fibonacci from 2 important levels. On the other hand, overbought and cross-over on MACD12,26,9 setting, gives us downward movement
Trade active
Comment: +350pips
Trade closed: target reached

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