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stockmarketdaytrader
Apr 4, 2017 4:08 AM

Breakout Occuring Short

NZD/USDOANDA

Description

We have a trend line break that just confirmed lower prices, there are huge head and shoulders forming on the daily chart, so any indication of lower prices right now, means that the right shoulder on the daily chart is just ripe to head down. Another important indication is on the hourly chart which shows price action forming a double top right at the resistance pivot point level, and now that price action broke this trend line, we got some room to head SOUTH
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