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phi35
Aug 16, 2016 4:57 PM

Inside the 4th Wave Long

U.S. Dollar/Japanese YenFXCM

Description

We are probably in the 4th wave of a 5 wave structure. Therefore the price will retrace to the calculated confluence zone to end its internal subdivision ( wave C ).

Trade closed: target reached

The confluence zone was reached and the position was closed with a nice profit.
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