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EUR/USD, USD/JPY Develop Divergent Patterns: Bear Flag Versus Wave-3 Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Jul 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD is building a downtrend with lower lows and lower highs but price has not been able to break the bottom of wave 1 (brown) as yet. Price needs to break below the wave 1 bottom support (green) before a wave 3 becomes likely.[​IMG]

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