EURUSD Breaks Bear Flag Pattern, GU Builds Bullish Zigzag

Discussion in 'Technical Analysis' started by Kaitlin, May 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD broke the bear flag chart pattern (dotted purple) as price heads lower to the Fibonacci targets. For the moment the wave count has been labeled as a continuation of wave C (blue). The alternative is a wave 3 if price manages to break below the 161.8% Fibonacci target.[​IMG]

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