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g4living
Mar 30, 2019 3:45 AM

Respecting the Wedge Short

NZD/USDOANDA

Description

NU is setting up nicely for a great short. Looking at the weekly we see it rejected out of the Resistance zone 3 times which was previously a major support zone. Nice bearish engulfing on the weekly. I'd like to see it break out of the smaller channel its respecting on the daily, retest the channel and enter a position at .6805 to the down side for just under 300 pips.
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