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stockmarketdaytrader
Jun 12, 2017 9:27 PM

Price Action Is Looking To Break Out Long

Australian Dollar / U.S. DollarFOREX.com

Description

We have an inverted head and shoulders on the 5 min chart, then we have another inverted head and shoulders on the 4 hour and the 1 hour! Price is at a resistance trend line, and a pivot R1! If price starts to break out of those levels, we should go with the price! We have a H&S on the 15 minute as well! A longer trend line is in place, once price starts to break it, that's a trigger to buy! This is a continuation pattern, price went up, and waited for macd to relax back to its zero line, and will now continue up!
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