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Volatility Spike In The Forex Market

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

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has made a bearish turn at the resistance level (red). It is now building a bearish ABC zigzag within the corrective pattern (4 hour chart) that is bringing price back to the Fibonacci levels of wave X (blue). A break below the 100% level invalidates the wave structure.[​IMG]

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