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Yushghost
Sep 17, 2021 2:26 AM

Head And Shoulders plus Falling Wedge 

Gold/U.S. DollarFXCM

Description

There seems to be a couple of clear patterns that compliment each other. Both a head and shoulders and falling wedge, Once the falling wedge is broken clearly with confirmation i expect we will complete the right shoulder of the pattern. Neck has already been confirmed at 1689. Expecting a minimum of around 1900-1950 for the peak of the right shoulder before returning to 1689.

Maybe more useful for short-medium term traders but even if you're a day trader its always good to know which was the wind is blowing.

Remember, always DYOR. Trade Safe.

Comment

Falling Channel*
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