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TomProTrader
Sep 12, 2016 2:45 AM

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

New Zealand Dollar/U.S. DollarFXCM

Description

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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