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Dtrace93
Jun 8, 2020 4:46 PM

Descending triangle Short

U.S. Dollar/Swiss FrancFXCM

Description

As you can see, we have a well formed descending triangle with the breakout in process. With the breakout taking place within 50-70% of the triangle this is bearish sign.

Research tells us that we should us the base of the triangle as a take profit. If my prediction is correct were looking to close our position at around 93.
Comments
AllisonCooke
Thanks for sharing
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