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Back Wave analysis
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Back Wave analysis
Analysis of GBP/USD on November 7, 2024
The wave structure of GBP/USD remains
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The wave structure of GBP/USD remains complex and continues to evolve into a more extended pattern. At present, there is a strong likelihood that a downward trend is beginning, as the successful breakout of wave b's low within wave c indicates the market's readiness to form not merely an individual wave but a sustained trend.Since April 22, a series of a-b-c waves has been observed, with smaller a-b-c waves nested within them. Considering the wave structure of EUR/USD, which suggests
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