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  • Vasily Trader

NZDUSD: Confluence Zone & Pullback



Hey traders,


NZDUSD reached a peculiar confluence zone:

we see a perfect match between 618 retracement of the last bearish leg

and 4H intraday structure resistance .


Forming a bearish engulfing candle, the price confirms the strength of the underlined area.

I expect a pullback.


Goals:

0.69

0.686

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