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Back Wave analysis
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Back Wave analysis
EUR/USD: April 28th – The Pause in the Middle East Continues
The wave pattern on the 4-hour
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The wave pattern on the 4-hour chart for EUR/USD has changed. There is still no indication of a cancellation of the upward trend segment (lower chart), which began in January of last year; however, the wave structure now appears highly ambiguous. In such situations, I recommend switching to a lower timeframe (upper chart) and focusing on the simplest and smallest wave structures to form a short-term forecast, which is sufficient for opening positions. Wave structures can be highly complex and
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Alexander Dneprovskiy
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