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Impact Of Massive Bullish Breaks On Currency Waves

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

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD showed strong bullish momentum yesterday as price broke above the resistance levels (dotted lines). The wave count of the previous days indicated the likelihood of a bullish ABC zigzag (green). The break through the red dotted trend line also confirms that the wave C (brown) of wave X[​IMG]

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