EUR/USD & USD/JPY Build Classical Triangle Chart Patterns

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD seems to be building a bearish correction as part of a wave X (blue). As long as price stays above the trend line support (green), then an expansion of a wave WXY (blue) seems the most likely scenario. 1 hour The EUR/USD seems to have completed an ABC bearish zigzag (green) back to support (green). A break below support could see price fall towards the Fibonacci levels. A break above resistance (red/orange) could see price start a wave Y (of blue). GBP/USD 4 hour The

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