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Fxmind
NZDUSD ST 3-Apr-2013 16:46 IST
in
Experienced Traders
Apr 03, 2013 at 17:54
I am more interesting on level 8454 (76.8%) fibbo level, there is price cloud composed near 8454 and 8464 area, where 8454 is 76.8% while, 8464 is 61.8% expansion of wave 3. Any short should have 8533 stop loss.For shorting this pair, I would like to see breakout on daily rising trend line with five wave down.Below is daily and 240min chart showing my preferred wave count, on which new high near 8454-8464 are is expected.Let’s wait for opportunity to short. http://www.myfxbook.com/files/Fxmind/nzdusddaily.gifhttp://www.myfxbook.com/files/Fxmind/nzdusd240.gif
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