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Bear and bull flags are common currency in FX market

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD seems to be building a bull flag chart pattern within the impulsive wave C (green). A breakout above the flag could see price develop a bullish continuation until the next resistance zone such as the Fibonacci targets and trend lines (orange/red). 1 hour The EUR/USD seems to be in the 4th wave (orange) of wave C (green). A break below the support trend line (green) and the 50%/61.8% Fibonacci increases the likelihood that price is not in a wave 4. GBP/USD 4 hour The

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