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EUR/USD: Ascending support for a valid long entry?

Euro / U.S. Dollar (FX_IDC:EURUSD)  
redlineracer Updated   
FX_IDC:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Analysis
3
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trendanalysis technicalanalysis
Ascending support, with at least three valley formations, may provide a valid long entry from the latest valley.
Comment:
Made nearly 40 pips in this one, if you are still in the trade, notice the 15min chart is forming a possible double top or head and shoulders pattern (inverted). So prepare your stop losses (also very close to 200% Fibo extension resistance - calculated from the bottom left of the start of the ascending support)
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