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Thursday, 6 December 2012

USD/JPY H4 Update + TPI

Rationale:
Very clear pattern here - only taking out one of the areas of Supply/Demand will bring tradable setup from Elliott Wave perspective. However, there is possibility to trade this range with tight stops. Last wave so far is needed to complete the most obvious correction.

Entry:
Sell Limit @ 82.50 - 82.55
TP: 81.85 - 81.90
SL: above Supply area.

Take care,
Seb


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