g4living

Respecting the Wedge

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OANDA:NZDUSD   紐元 / 美元
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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