FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price has been travelling in a pennant and inside it price was travelling also in an ascending channel . Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the retest at the top the channel also indicating a short trade coming up. Target is shown above!
Trade closed: target reached: TARGET HIT
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