GBP/USD And USD/JPY Downtrends Display Lower Lows

Discussion in 'Technical Analysis' started by Kaitlin, Jan 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD bullish bounce continued all the way to the resistance trend line (orange), which caused price to make a bearish bounce. The bullish rally could be part of larger wave A (purple), which is confirmed with a break of resistance. A break of support (green) could see price fall[​IMG]

    Continue reading...

Share This Page

free forex signals