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FxSaint
Nov 19, 2015 6:56 AM

NzdUsd - Support turned Resistance, turned now Support ? 

New Zealand Dollar/U.S. DollarFXCM

Description

This is showcasing typical price action behavior. I must suggest this is great example of S&R trading for anyone to learn.
Reasons ~
1] Resistance broken, should act as support
2] 38.2% Fib ratio right at support
3] Falling TL support aligned at support.

=)
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