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ABC Zigzags Lead Direction Of Forex Waves

Discussion in 'Technical Analysis' started by Kaitlin, Apr 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is unable to break above the 1.14 resistance level. Support (green) and resistance (orange) trend lines mark the boundaries and breakout territory. A push below the 50% Fibonacci retracement level of wave X (purple) makes the current wave count less likely and a bearish variant more likely.[​IMG]

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