FAKE OUT OR BREAK OUT
AS SHOWN IN THE CHART THE PAIR HAS BEEN TRADING WITHIN A TRIANGLE. THE RECENT MOVE WAS SOMEWHAT CONFUSING TO MOST TRADERS AS IT DID NOT BOUNCE OF THE TRENDLINE. THIS COULD BE A SIGN OF A BIG MOVE COMING IN. IF WE BREAK AND CLOSE ABOVE TRIANGLE THEN LONG AND VICE VERSA FOR SHORT.
Note
guys we are closing in, get your long or short ready if it breaks either way
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