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Zeheart
Nov 25, 2012 8:41 AM

Bearish Extended ABCD Pattern Short

New Zealand Dollar/U.S. DollarFXCM

Description

The D Point for this Extended ABCD is almost hitting 261.8 Fibo level, looks kinda unusual to me (Looks like too high.. =)

Therefore I personally believe that it's about time to retrace. Therefore I a short trade is being propose here.

Hopefully it works!!

Cheers!!
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