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EUR/USD, GBP/USD Corrective Channels Control Price Action Landscape

Discussion in 'Technical Analysis' started by Kaitlin, Jul 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is expanding the wave 2 (green) correction via a WXY (brown). A bearish breakout could lead to a continuation of the bearish momentum (wave 1 green) and could therefore be the start of a wave 3 (green). The EUR/USD is building a bear flag chart pattern (orange/green lines).[​IMG]

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