GBPUSD In Decisive Zone According To Waves And Trend Lines

Discussion in 'Technical Analysis' started by Kaitlin, Apr 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is showing choppy price action between support (green) and resistance (orange) trend lines. Price remains entrapped between these levels and mark the boundaries of the corrective zone. A push below the 50% Fibonacci retracement level of wave X (purple) makes the current wave count less likely and a[​IMG]

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