TAcharts

Triple AB=CD (and alternates) into Support Area

Long
OANDA:GBPJPY   British Pound / Japanese Yen
We have two AB x 1.272 = CDs and an AB=CD terminating within a tight PRZ right
into our Support area. Whether or not one would be considering initiating a long position,
anyone currently short would certainly want to be aware of the potential for reversal
(or the halting of the selloff) in this area. I would be looking for divergences given
that technical tools are also being utilized.
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