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ezodisy
Sep 14, 2016 8:09 AM

nzdusd - 5 down completed Short

New Zealand Dollar/U.S. DollarFXCM

Description

The 4 hour chart shows a clear 5 down, so we may see a correction into next week's Fed announcement. The alt is that we are in a larger wave 3 already, and this correction is wave two of 3 before a hard decline following the next price rejection. Any corrective structure should be sold as we've had a strong impulse down and the recent high should be a top.
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