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dinnersticks
May 15, 2017 1:09 PM

EURJPY hourly ascending triangle 

Euro Fx/Japanese YenFXCM

Description

Hi,

yes yes, I am switching from one pattern to the next sorry ! :) on the hourly we have a seemingly ascending triangle, the buys will be more reliable than the sells as pressure is up.

I hope you can make some pips !


Comment

I would like to say that I have probably been wrong about this pattern as it usually breaks out approximately between 65 and 75% of the pattern this one didn't even got filled 50% by price meaning this should most likely be traded like a channel! However, the trend is up.
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