$AUDJPY (9.10.2013)

 

Pair is in wave ( v ) of (( iii )) which is extending and can reach as high as 94.06 before a pull back in wave (( iv )) and higher again. We don’t like selling the pair in proposed wave (( iv )) as hourly cycles remain positive.

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If you are interested in learning more about Elliott wave structures and sequence of waves / swings why not check out and register for up coming webinar on this topic. See the details here 

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