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Pip.Gawd
Feb 15, 2017 2:14 PM

Rising Wedge Pattern + Key Resistance Level = Sell Signal Short

Australian Dollar/U.S. DollarFXCM

Description

We see a rising wedge pattern coming from what I like to call "hidden trendlines" plus a major resistance level. Combine both of these conditions and we see the odds are stacked in our favor for going short.

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Comments
Trader_Dale
For me it seems like the market is in a very long rotation from which it can shoot either was. But it will shoot with a strong move!
good luck mate!
Trader_Dale
@Trader_Dale, *either way
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