NZD/USD - Patiently Waiting for Short Entries

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Hello Traders! Welcome to my post, today we are looking at NZD/USD and we have identified the following confluences to support this high-probability setup:

-ABCD pattern
-Channel resistance
-Major 61.8 Fibonacci retracement
-Major 161.8 Fibonacci extension
-Trendline and counter-trendline intersection
-Supply zone
-Overall downtrend

Stop Loss: 0.66700
Target: 0.63500

Risk to Reward Ratio: 2.1

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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.

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