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EK_Analysis
Aug 26, 2019 11:16 AM

NZDCAD Long

New Zealand Dollar/Canadian DollarFXCM

Description

Moves in a descending channel structure with harmonic patterns AB = CD and AB = CD (inv). This descending channel seems to be breaking upwards. The PRZ and TRZ range specified in the image is the appropriate range of purchases. Due to the increasing speed of breaks the PRZ is unlikely to rise and the TRZ starts to rise.
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