EURUSD, GBPUSD Build Trend Channels In Bullish Waves

Discussion in 'Technical Analysis' started by Kaitlin, Apr 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    6,880
    Likes Received:
    0
    The EUR/USD has approached a resistance trend line (orange) which is a bounce or break spot. A bearish bounce would confirm the wave X (green) correction; whereas a bullish breakout would see the larger WXY (purple) develop towards resistance (red).[​IMG]

    Continue reading...
     

Share This Page

free forex signals