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JuanAlexander95
Jun 24, 2019 11:24 AM

Daily Descending Wedge Long

AUD/NZDOANDA

Description

On the Daily chart, we see a descending wedge that is the consolidation period to an impulse that just happened. This could be a very high probability set up for a continuation in the up direction. You could also see a bull flag which is another indicator of a strong uptrend continuation. W would want to look for an entry somewhere near the bottom of the descending wedge structure.
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