TomProTrader

#NZDUSD: Major Retest At Action Level, Opportunity For Shorts!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
87 0 8
The pair has had a significant retest at the historical resistance AND the sideways support/resistance transition line. The candle that retested these levels concluded as a shooting star signal, showing very clearly that the bulls were rapidly negated during this retest, showing a lot of bearish enthusiasm. Makes for easy entry procedure this week could be a fantastic potential short.
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