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Multiple Divergence Prepares EUR/USD For Pullback & Continuation

Discussion in 'Technical Analysis' started by Kaitlin, Nov 6, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has (early) signs of divergence as price made a lower low but the oscillator, which has already turned green, failed to post a lower low (blue line). This could indicate that price has completed a wave 5 (purple) and that price can make a retracement for wave 4[​IMG]

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