1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBP/USD Breaks Support And Accelerates Bearish Trend

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

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    5,858
    Likes Received:
    0
    The EUR/USD completed a bullish ABC (green) zigzag which pushed through resistance (orange) without breaking it. Price is now making a bearish correction but as long as price stays above the trend line support (green), then an expansion of a wave WXY (blue) seems the most likely.[​IMG]

    Continue reading...
     

Share This Page