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Bearish Breakout Could Retrace Before Downtrend Continues

Discussion in 'Technical Analysis' started by Kaitlin, Jul 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is completing a bearish 5 wave (green) after breaking the support trend line (dotted green) and respecting the resistance trend line (red). The wave bearish 5 waves (green/blue) seem close to being completed. The wave 5's could be part of a wave 1 (purple) after which a wave[​IMG]

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