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UnknownUnicorn5158708
Dec 9, 2019 7:33 AM

NZDUSD: Bull Momentum Weakens - Watch For Sell Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hi Traders,

We have a textbook ending diagonal pattern currently in progress. This is a reversal pattern and is confirmed by the loss of bullish momentum as illustrated by the RSI and MACD. Wait for a bear impulse breakout from the structure before looking for any short trades.


Regards,
Wave Theorist
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