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abbyruberto
Mar 2, 2017 1:43 PM

Inverted Head and shoulder pattern in 4h 

British Pound/Japanese YenFXCM

Description

price at the 4h chart made a new high yesterday, pulled back and failed to make a new low. I see an inverted H and S pattern and the resistance at 141 or 141.2 might be seen tested today for bounce or breakout.

I will watch this pair closely and if we see a breakout on this pattern, we go back in uptrend!
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