Update: +60 Pips - Wedge breakout | EUR\USD

Wedge at EUR\USD broke exactly as predicted - Price touched 50% Fibonacci Retracement, created an Bearish Engulfing Candlestick Formation to confirm Short trade. Price broke Wedge and trended 60 pips down.

Range Oscillator began showing signs of Weakness as it signals that price is Oversold - So I exited with +60 pips profit.

The trade was posted here:
http://www.chartsecret.com/content/analysis-wedge-pattern-eurusd

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