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GBPUSD Bearish Break Exception Among Contracting Triangles

Discussion in 'Technical Analysis' started by Kaitlin, Mar 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD continues to move sideways in a contracting triangle chart pattern. A break below the bottom of wave X (blue) invalidates the current wave count. A break above resistance (orange) could see the start of wave C (green).[​IMG]

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