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Tuesday, 31 July 2012

AUD/USD H4 Update

Right on target area. SPOT ON!

Good level to short if this is end of cycle.
What do we need to confirm this is really end of cycle? We need impulsive 5 wave structure down from this suspected top. It must break wave Y support and H1 ( and preferably H4) candle close below wave Y. This could be the first clue that top is in.

Seb


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