GBP/USD Breaks Above Daily Resistance In Bullish ABC Zigzag

Discussion in 'Technical Analysis' started by Kaitlin, Sep 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD made a bullish bounce at the 38.2% Fibonacci retracement level of wave D (green) vs B. The current wave count is expecting price to show a bearish bounce at the Fibonacci levels of wave X (purple) for one more bearish swing towards lower Fib levels of wave D[​IMG]

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