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    EURUSD: Triangle, head and shoulders by LuKe OwEns for October 20, 2015



    After strong price drop, the price entered a consolidation zone, which formed a triangle pattern. Also, we can see on the chart the head (1) and shoulders (2,3).

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    • avatar-1277
      • #

      Do not agree that it is head and shoulders, actually level 3 is lower than it should be. It looks like head and shoulders, but be careful in forecasting.

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