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New Zealand Dollar / U.S. Dollar
Short

Possible Bearish Channel for Kiwi

65
Price appears to be making the retrace from a previous push up to the Supply zone. Bearish channel is not confirmed yet with touches but just an idea. Price is in a bearish landscape holing below the 200 EMA on the 4hr but above the VWAP holding as support. I am anticipating a short all the way back down to the Demand zone. Supply has a heavier presence vs. Demand and may also break through Demand support.






NOTE: This is not trading advice; trade at your own risk.
Pisces_Investments
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FibonacciSupply and DemandTrend Lines

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FibonacciSupply and DemandTrend Lines
Pisces_Investments
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.