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zptugrik
Sep 2, 2016 11:56 AM

USDJPY short by Elliot theory Short

U.S. Dollar/Japanese YenFXCM

Description

By Elliot theory we already had 3 up waves and 2 correction waves (magenta arrows) up moving. And now we are on the down moving (black arrows). And now are ready for last downside wave. Resistance level is blue rectangle. So probably i'll in on 103.00

TP1 - 102.400
TP2 - 101.750
TP3 - 100.570

If price will cross top green line, it will cancel this forecast

thank you and any comments are welcome
Comments
zptugrik
yes, it's coreect, that's why i've draw top green line :)
impiouscapital
But this would not work if the US jobs data comes positive as predicted.
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