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March 14, 2013 23:53

EUR GBP Huge Triangle Back Test 15th March 2013

Posted in: EUR, GBP
By:

Ok, I admit, I’m jumping at straws here. Just can’t see anything ripe for a trade right now and whilst flicking through the chart list this one stuck out.

Can a triangle back test on this large scale be valid as a technical trade?

Whatever may happen, it does look interesting:

EUR GBP Quarterly triangle back test 15th March 2013

3 Comments on "EUR GBP Huge Triangle Back Test 15th March 2013"
  1. #
    Comment left on:
    March 15, 2013 at 11:44
    bracke says:

    RS2000

    Surely it is simply testing the upper trendline. If you extend the upper line and draw in a line to touch tthe lows you have a descending wedge.

  2. #
    Comment left on:
    March 15, 2013 at 12:06
    and then says:

    Yes, scarily, it does have a flag like look about it…. is the £ for the scrap heap?

  3. #
    Site Administrator
    March 15, 2013 at 17:05
    RS2OOO says:

    Yes, but so is the Euro…. and according to ZH, the rest of the fiat currencies too!!
    :-)

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