GBP/USD Tests 1.35 Resistance With ABC Rally

Discussion in 'Technical Analysis' started by Kaitlin, Jul 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD completed the bullish ABC zigzag (green) within wave Y (green) yesterday after which is moved back down due to the resistance (orange) trend line. An expansion of the contracting wedge chart pattern (trend lines) seems the most likely scenario and hence an ABC (green) could develop to complete[​IMG]

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