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USD/JPY Bearish Breakout Expands Wave B Correction To 61.8% Fib

Discussion in 'Technical Analysis' started by Kaitlin, Aug 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD is testing the resistance trend line (red) of a larger contracting triangle chart pattern (ABCDE brown). A bullish breakout could see price move towards the wave E (green) of wave 4 (blue).[​IMG]

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