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nsawa
Mar 7, 2014 8:06 AM

Long term AUD/NZD, PA down then Bullish Bat then Bearish Cypher Short

Australian Dollar/New Zealand DollarFXCM

Description

1- Retest of 1.0736 Resistance level if confirmed short to 88.6 level of the Bat (1.055 - 1.0546) (candlestick wicks)

2- If Bat confirmed buy T1 Bat B point at 1.0736 T2 1.0835

3- If Cypher confirmed Sell T1 at 1.074 - 1.0736 T2 1.055-1.0546

All points fall at important Support and Resistance zones/lines, pattern drawing tool is of the mark with the fib calculations but does the trick
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