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andrew-profit-trader-winner
Mar 18, 2017 12:35 PM

EURUSD Ascending Channel & Triangular Contraction [SHORT] Short

EURO / U.S. DOLLARICE

Description

Price action touch dynamic resistance of the Ascending Channel,
It looks like it is forming a Head & Shoulders pattern.
Decision to be made due to Triangular Contraction captured the price movement.
Price action higher prediction will go down and touch the dynamic support of the Ascending Channel.

Comment

Price keep testing resistance area (red box).

Waiting for a strong trend to appear.

Probably a drop in price.
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