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onewhitmore
Dec 12, 2016 8:01 PM

NZD/USD double top and cypher Short

New Zealand Dollar/U.S. DollarFXCM

Description

On the 1 hour chart there's a bearish cypher recently completed and heading down for profit taking areas. There's also a nice bearish inside bar at the top of the pattern.

In addition on the 4 hour chart this is showing as a double top. Beyond this the stock is heading towards the potential head and shoulders pattern that can be seen on the day chart.
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