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ldiary
Jan 21, 2016 10:53 PM

Long with a Stop around 2.148 

British Pound/New Zealand DollarFXCM

Description

We are in a very interesting position where, if we are lucky enough, we could potentially catch an ABC-1-2-3 structure such that we are anticipating a BIG 3rd wave upward (denoted by the green text on the chart). However, if the 2.148 area is broken, then that structure will become void and we might have a i-ii-iii-iv-v-3-4-5 structure where we are heading for the 3rd wave downward instead (denoted by the red square text on the chart).
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