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GU Bear Flag, EU Triangle, And UJ Bull Flag

Discussion in 'Technical Analysis' started by Kaitlin, Nov 13, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is showing a contracting triangle formation (orange/green). A break below support could see price fall towards 1 of 2 Fibonacci targets. A break above the 50% Fib of wave 4 invalidates the current wave 4-5 (brown) development.[​IMG]

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