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AUDJPY: Elliottwave Structure suggests more upside possible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Best reading of the Elliott Wave cycle suggests decline to 85.42 ended wave (4). From this level, pair has resumed rally in wave (5) as a double three structure where wave W ended at 87.95, and wave X pullback is currently in progress. Internal of wave X is unfolding as a double three structure where wave (w) ended at 87.12, wave (x) ended at 87.68, and wave (y) of X is in progress towards 86.38 - 86.68 area. As far as wave (4) low at 85.42 pivot stays intact during wave X pullback, the pair

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