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Monday, 11 November 2013

NZD/USD H1



General Overview for 11/11/2013:

Very short term labeling for this pair shows a potential triangel breakout outside the Triangle wave (iv) green here.
Please notice that this wave progression might get very complex now and bounce/reverse might be in play after triangle is done.
Break of red line is first clue of count invalidation.

Support/Resistance:
0.8190 - Swing Low
0.8210 - Invalidation Line
0.8310 - Impulsive count invalidation line
0.8410 - 0.8420 - KEY LEVEL

Trading Recommendations:
Stay away until situation will be more clear UNLESS You like to trade Triangles, then short the levels on chart.


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