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Wave Analysis Clarify Extensive Correction Triangles In Forex

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

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD continues its long-term consolidation pattern by staying between support (green) and resistance (orange). A bearish breakout is needed before the wave count is confirmed whereas any move above the 100% Fib level invalidates wave 2 (purple).[​IMG]

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