FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I see the market in consolidation between $.74 and $.78. It appears that there is a crab pattern forming with a potential reversal zone at the .72225. Upon completion of this pattern the market should rally to the 2.618 extension, or the nearest structure support which appears to be around the .79000. My stop loss is placed at 100 pips below the potential reversal zone, making my risk to reward ratio about 5:1. please like comment and follow if you agree with my approach
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