Trade indices Online
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

Pullback To Fibonacci Levels Expected After Impulsive USD Breakouts

Discussion in 'Technical Analysis' started by Kaitlin, Aug 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    6,744
    Likes Received:
    0
    The EUR/USD respected the resistance trend line (red) and broke various support levels (dotted greens) on Friday. The bearish price action fits within the wave XY (brown) correction of wave D (green). A bullish bounce at the 50% or 61.8% Fibonacci levels of wave D vs B could complete wave[​IMG]

    Continue reading...
     

Share This Page

Trade indices Online