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GBP/USD Building Wave 4 Retracement In Down Trend

Discussion in 'Technical Analysis' started by Kaitlin, Nov 25, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is making a bullish retracement within the down trend channel (orange/blue). The current yearly low of 2015 (green) and the double divergence (purple) could be reason for a bullish rally. A break below the channel and the yearly low increases the chance that a wave 3 (green) is[​IMG]

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