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GBPUSD In A Reversal Towards More Weakness

Discussion in 'Technical Analysis' started by Kaitlin, May 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBPUSD made a nice reversal around 1.4768 level in the last sub-wave 5 of C), in which an ending diagonal was recognized. This is a powerful structure that primarily occurs in the wave 5 position when price has moved too far and too fast and indicates a change in trend.[​IMG]

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