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matthewdvt
Oct 13, 2019 10:39 PM

NZDCAD Short Idea Short

New Zealand Dollar/Canadian DollarFXCM

Description

Price has rejected the upside multiple time on the Daily timeframe indicating there isn't much buying pressure. On the 4H we have no closed below the 50ema which is another added confluence to a short trade. Along with all that, price fits perfectly into my Fibonacci "golden pocket" rejecting this area also is another added confluence.
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