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EURUSD multiple patterns within the flag confirm two-way trading

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EURUSD has found strong buyers in the 1.0800 zone and is well confined within the borders of a Bullish flag on H4 time frame. The situation with this pair is really interesting as we have a possible hidden bearish divergence in a bull flag with an inverted head and shoulders pattern in progress. If the MACD prints a HH and the price prints a LH that would confirm the hidden divergence and the price should drop towards 1.0850 again. Because the price is bullish on intraday time frames but

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