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sgarciafx
Mar 18, 2017 10:52 PM

GBPNZD SHORT Short

British Pound/New Zealand DollarFXCM

Description

We can see a 4hr consolidation being broken & a double top forming at the trendline. Then price made a swing low & was consolidating before pushing higher last week. Although this trendline has been broken and looks to have been re-tested, I'd like to see seller's push price a little lower before another swing high presents itself. I will then look to short this pair as I think it will remain bearish.
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