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pablo82
Feb 10, 2017 11:35 AM

TRIANGLE PATTERN 

British Pound/Swiss FrancFXCM

Description

Very similar structure to GBPAUD I have posted today.

We have a triangle pattern in development which can breaks both ways.

we have a clear volatility squeeze which indicates coming strong move in one direction.

As we have a lot divergence in MACD and pound shows strength against some other majors recently I am more keen to upside scenario.

You can take the trade based on inner triangle trendlines breakout and move SL to breakeven if in profit.

I will keep posting updates.

Good luck !

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Trade closed: target reached

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