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EUR/USD And GBP/USD Waves Explain Bullish Breaks

Discussion in 'Technical Analysis' started by Kaitlin, Mar 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The GBP/USD is building a larger bounce, which could still be part of a wave 4 (green). This wave count is invalidated if price breaks above the 78.6% Fibonacci level. In that case the 123 (green) will become an ABC. A bearish break below the support trend line could see[​IMG]

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