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ForceFollower
Jun 17, 2013 7:56 AM

Another Leg Down Short

U.S. Dollar/Japanese YenFXCM

Description

Expected another leg down to meet the bottom of the red channel and thus make a 3-drive pattern. It would coincide with the horizontal support off of the alternate Feb. lows and with the second Warning Line of the light blue up fork. Intersecting violet channels suggest a corrective behavior which has already partly played out. So, I'm looking to go short at a good price.
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