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13th September 2009, 10:29
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Wedge Reversal - EUR\USD
A Wedge pattern is now present at the EUR\USD major pair. The Wedge is a pattern that consists of two trendlines that are congesting, and leads to a reversal in trend. Unlike channel, which is a sign of strength and health of trend, the wedge shows that the trend is about to reverse.
Enter short if price reaches the high of 1.4620 and reverses. Target is at least the beginning of the wedge. Source: http://www.chartsecret.com/content/w...eversal-eurusd 
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