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EUR/USD, GBP/USD Setup ABC Corrections Within Wave 4 Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is in a wave X (purple) unless it manages to break above resistance (red) and the top Fibonacci levels. In that case a bullish break within wave X (brown) is the most likely scenario. A bearish bounce at resistance (red/Fibs) could see the start of wave Y (brown)[​IMG]

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