AUDUSD 60 min falling wedge

29 Okt 2015

Hi Guys, this looks like a falling wedge which should break to the up side , if it does then buying the break out is a good idea, Remember 90% of the break and reverse the move but some just break make a small (corrective ) move up and then continue the down side. Make sure you have a strategy to trade such pattern.

Trade with care.
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Here is a thought that might help newbies "never use anyone's strategy unless you gave tested it your self"