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4H Trend = Down 1D Trend = Down Pattern = Potential Descending (falling) Wedge http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal, needs price breakout above 1.01 and ideally break descending trendline near 1.07 to validate trend reversal. Breakdown and follow-through of lower green trendline invalidates the pattern.