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aibek
Nov 9, 2017 4:03 AM

USDCNH. Possible wave count. WXYXZ. One more drop on the cards. Short

U.S. Dollar/Chinese YuanFXCM

Description

It could take more time for this pair to finish a WXYXZ correction.
The last wave X could shape a triangular ABCDE formation.
Break below D point would signal a move down.

Comment

Triangle was broken down as expected and price already moved below the D point.
Lower levels are ahead

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C is underway, watch breakdown of support

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update

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Trade closed manually

wave Z already hit low of Y - lets not be greedy and book the big profit
Comments
babaika
gooooood trade!
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