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SM_Makhuba
Feb 27, 2024 10:17 AM

Falling wedge Pattern Long

Euro Fx/British PoundFXCM

Description

Price will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe.

However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe.
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