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CAD/JPY: Short Term Elliottwave Structure suggests more upside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Best reading of the Elliott Wave cycle suggests there are 5 swings from wave (X) low at 10/28 and another swing higher is ideal to complete a 7 swing structure as far as 92.12 pivot stays intact. Rally from wave (X) low at 90.56 is unfolding in a double three structure where wave W ended at 92.97, wave X is proposed over at 92.12, and wave Y is currently in progress. As far as 92.12 pivot is holding, pair is expected to resume higher in wave Y towards 94.5 – 95.1 area to end the cycle from

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