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usdjpy's mount fuji
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[QUOTE="hayseed, post: 55519, member: 5898"] eurusd has now painted a zigzag up leg on the daily chart, which coincides with last weeks high.... average daily zigzag length is roughly 249 pips.... current length is 172 pips.... meaning [I][B]on average [/B][/I]there is 77 pips left to rise..... that would put it almost dead on the 1.38 fib extension..... [I]whack-every-rally[/I] traders will often wait for the daily up leg...... hmmmm....... that same eur strength has my eurgbp shorts 300 bucks under water...... let'em buy back all my etradefx usdjpy longs...... also all but 2 of those longs in the ibfx metatrader chart above are now gone.......will slowly re-enter.....h //----- forgot to mention the gbpusd which is also working off the daily up leg effect..... average gbpusd daily length is roughly 322 pips, current leg is 386 pips..... triple top attempt at 1.6250 suggests it could go either way..... light volume on holiday weeks often exaggerate moves..... i'm gittin light most everywhere as precaution.....h [/QUOTE]
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