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EUR/USD - Dec 07, 2005

A very short post to alert you that there is also a triangle formation nearing it's apex on the EUR/USD currently that would be worth watching. Below is the 1H chart:

Which way will it go? .. I suspect downwards, but watch for a 1H close outside of this formation.

Happy trading!

This entry was posted on Wednesday, December 07, 2005 at 11:38:00 AM. You can skip to the end and leave a response.

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Posted by Anonymous Anonymous:
Thursday, December 08, 2005 9:01:00 AM

Nice blog
What system is this?
can i have the documentation?
Thanks    



Posted by Blogger Akuma99:
Thursday, December 08, 2005 1:09:00 PM

I don't think there is a name for my method of trading, however a component of it is macro patterns, such as triangles, head and shoulders etc.

Some more information on triangles is here.

While I don't use this method, it still has some nice information.    



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