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VladimirRibakov
Aug 3, 2016 10:14 AM

GBPNZD Long Setup Long

British Pound/New Zealand DollarFXCM

Description

The pair has a great potential to push higher and duplicate the first up wave. Now the downtrend line has been broken and we can get a fantastic risk;reward ratio out of this setup.

Wait for the price to correct itself a bit and look to buy near the red horizontal line or slightly lower. The setup would be invalidated if the price crosses the last swing low around 1.8250.
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