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GBP/USD In ABC Consolidation Within Wave 4

Discussion in 'Technical Analysis' started by Kaitlin, Jul 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is not able to break below horizontal support (green line) and a larger correction within wave 2 (brown) via a WXY (purple) seems likely. Price needs to break below the 1.08 support level (light green) before a bigger wave 3 (green) continuation could occur. A break above the[​IMG]

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