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EURUSD And USDJPY Develop Quick ABC Zigzag Corrections

Discussion in 'Technical Analysis' started by Kaitlin, Feb 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke the bullish trend channel (dark blue), which could indicate a larger correction back to the support trend line (green) via WXY (blue). A break below the support trend line (green) confirms the completion of wave 4 (blue) whereas a bounce at or above support (green) indicates that[​IMG]

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