Forex Market Waiting for Trend Line Breakouts

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD is in a wave 4 (brown) correction. The wave count will be changed if price manages to break above the horizontal resistance (red). 1 hour The EUR/USD has expanded the chart pattern from a contracting triangle to a bear flag formation. A break of the bear flag could spark the start of wave 5 (brown). GBP/USD 4 hour The GBP/USD is currently in a wave 4 (green), which will be invalidated once price crosses the bottom and origin of wave 1 (green). 1 hour The GBP/USD has

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