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TylerTrades
Mar 29, 2018 5:49 PM

NZDCAD_Swing Short Short

New Zealand Dollar/Canadian DollarFXCM

Description

Prices having been rejected at the Monthly supply and the current trade idea revolves shorting at the daily supply, potential lower time frame (H4) shorts have been identified should prices fail to return to the D1 supply.

However, heavy trading in the H4 supply closest to current prices may have orders fully taken up by the market, so current expectation is that prices will be able to push past the consolidation area
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