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GBPUSD Prepared For Bullish Wave 5 Breakout

Discussion in 'Technical Analysis' started by Kaitlin, Oct 19, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Whether the EUR/USD completed its bullish price action and thereby wave 2 or wave B (greens) depends on whether price is able to push below the various layers of support (green trend lines). The EUR/USD is in a mini triangle chart formation (red green lines). It has wave 2[​IMG]

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