June 2, 2010

EUR VS USD DESCENDING TRIANGLE UPDATE


  • EUR VS USD HAS FORMED A DESCENDING TRIANGLE.
  • THE TRIANGLE HAS GIVEN A FALSE BREAK DOWN ONCE. SO THE NEXT BREAK DOWN OR BREAK OUT MAY GIVE THE CORRECT RESULT FOR THIS PATTERN.
  • I AM EXPECTING A BREAK OUT ON THE UPSIDE SINCE WE HAD THE FALSE MOVE ON THE DOWN SIDE.
THANK YOU

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