platinum_growth

Gold in AUD - Falling Wedge.

Long
OANDA:XAUAUD   Gold/AUD
According to Bulkowski- Falling Wedge is an over all poor performer as far as bullish formations go, however it has a 68% of upward breakout. NB. since the formation is over 3 weeks old, it is a falling wedge and not a Flag and Pennant formation.
thepatternsite.com/fallwedge.html

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