DeGRAM

DeGRAM | NZDCAD overextension at resistance

Short
DeGRAM Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD moved out of the descending channel, and it's basically consolidating.

The market broke and closed above the structure shelf at 0.8237 level.

Price is overextended, creating the AB=CD pattern or equal measured move.

We anticipate a bearish move from resistance and the fibo level.




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Trade closed: target reached

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