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Forex Trade Updates

NZDCAD – Sell Setup Forming

By

Vladimir Ribakov

-

April 12, 2016

481

The pair might be forming a great sell signal as we have a few confirmations looking on the H1 chart. What do I mean? Let’s see:

Technical Analysis:

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H4 – Hidden Bearish Divergence forming

H1 – Short term down trend line, double cycle up, bearish divergence

Entry Sell Idea:
Divergence on the H1 has already so we can join in a bearish attempt.

Target 1: 0.8830
Target 2: 0.8730
Stop Loss: Protection above the trend line and resistance zone

Yours,
Vladimir

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