FieryTrading

NZD/CAD FALLING📉: SHORT WEDGE SETUP

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OANDA:NZDCAD   NZD/CAD
NZD/CAD's price is continueing its path within the wedge on the 4H chart.

Every time the wedge's trendlines have been hit, the price reversed strongly.

Potential setup would see a 130 pip profit target upon hitting the lower trendline-area of the wedge. Be careful for a quick rebound after the price has entered the potential exit area.

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