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GU Bear Flag, EU Triangle, and UJ Bull Flag

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is in a wave 4 (brown) correction. The wave count is invalidated if price manages to break above the horizontal resistance (red). 1 hour The EUR/USD is showing a contracting triangle formation (orange/green). A break below support could see price fall towards 1 of 2 Fibonacci targets. A break above the 50% Fib of wave 4 invalidates the current wave 4‐5 (brown) development. GBP/USD 4 hour The GBP/USD retraced back to the 50% of the wave 4 (green). A break above the

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