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juicycactuz
Jul 29, 2017 10:35 PM

usdnzd enters consolidation 4h chart Short

U.S. DOLLAR / NEW ZEALAND DOLLARICE

Description

After the recent Impulse downwards, price has started to consolidate. If price retraces to the previous structure level, it presents a beautiful shortening opportunity. Additionally, it lines up with 0.786 fib retracement which adds some nice confluence.
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