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gmctwonine
Jun 5, 2017 10:17 PM

EURUSD 4H Ascending Wedge Short

EURO / U.S. DOLLARICE

Description

Ascending wedge on the EURUSD 4H chart with bearish divergence (higher high, lower high).

I plan on taking a short position once price action crosses below key support level at 1.2100 with a stop loss at 1.3000 and profit target at 1.1100 for a 1.25:1 trade.
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