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Right-angled descending broadening wedge pattern

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
mytradingidea  
OANDA:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis Chart Patterns Support and Resistance GBPUSD
3
0
beyondta chartpattern supportandresistance gbpusd
What is a right-angled descending broadening wedge?


A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle.

TP 1.52-1.53

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