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HutsonBay
May 28, 2018 12:00 PM

EURZAR - break lower  Short

EUR/ZAROANDA

Description

Trade what we see:
EURZAR on the higher time frame trading on a bullish trend line (support).
On the 4hr chart, we see a clean break with a lot of sellers entering the market.
We saw an exhaustion phase and the buyers successfully re-tested the same trend line which has now turned into resistance.
This new trade is joining the next wave of sellers entering the market.
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