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aibek
Dec 10, 2016 9:26 AM

GBPUSD. Possible wave count. End of correction Short

British Pound/U.S. DollarFXCM

Description

The wave C already has reached the 1.272 of wave A.
We are possibly in the last wave up ahead of reversal.
The green rectangle depicts the area of possible reversal down.
Conservative approach is to wait for the channel breakdown.
Target at the start of corrective move at 1.1900-20

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