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paulsandhu
May 21, 2020 4:15 PM

Structure Based Short + Bearish Shark Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hello Traders,

We have a selling opportunity on NZDUSD at structure. The market is overbought at this level. We have additional confluence here as there are several key ratios aligning in this region and the trade is in the direction of the underlying trend. For harmonic traders there is also a bearish shark pattern available. Some initial targets have been presented on the chart.

Thanks,
P
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