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Respected Trend Lines Mark The Edge Of Contracting Triangles

Discussion in 'Technical Analysis' started by Kaitlin, Jan 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD showed a bearish bounce at the resistance trend line (orange) of the larger contracting triangle, which has been marked as multiple corrective waves. The EUR/USD also bounced at the support trend line (green), which could be part of an ABC (blue). A break below the support trend line[​IMG]

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