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Wave 4 Corrective Phases In Forex Market

Discussion in 'Technical Analysis' started by Kaitlin, Nov 10, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD bounced at the bottom of the downtrend channel and is making a bullish correction, which is marked as wave 4 (brown). The resistance zone (red), trend line (orange) and Fibonacci levels are potential turning spots for the conclusion of wave 4.[​IMG]

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