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Re: quanticopious15 post# 138437

Thursday, 03/17/2016 1:37:45 PM

Thursday, March 17, 2016 1:37:45 PM

Post# of 140146
On the monthly, AU is currently on a wave 4 counter trend move back up. Should be a wave 1. We were banking on trading the minor wave 2 pull back to around 7328. AU could go to 7728 or even 7878 before we get a decent pull back. Question is, can you withstand another 90 to 230 pip move on top of current levels? AU can go all the way to 8748 and still be within the EW rules. The wave count says no not now but the price is saying otherwise. Good Luck
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