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100 % forex
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AUDCAD 50% | 1 USDNZD 50% | 1
juicycactuz juicycactuz USDNZD, 240, Short ,
11 0 0
USDNZD, 240 Short
usdnzd enters consolidation 4h chart

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.

10 0 0
audcad gives most likely a false signal

The recent impulsive move went to the upside. After that a flag pattern was formed. Most Traders would think that after the pattern was broken, they should go long. However, on the daily chart, the trend has been bearish for a long period of time. I have drawn a a resistance line which clearly has rejected the price. Most likely this flag pattern will develop into ...

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