TradersClassroom
Short

Support Turned Resistance

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
46 1 2
Looks like a pretty simple setup. The .382 (larger leg) and the .50 (smaller leg) coincide at exactly the same area .6814. As we near this area, could be a good time to place a short.

Good Luck
Went up and reversed. About 4 pips short of my entry. Oh well. Next trade.
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