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Fib50

NZD CAD Fib 50 RetracementA Fib has been drawn from the last major swing. Price is now testing at the 50 level. You will see price has a level of support from a minor trend line based off the previous two highs. Divergence is evident on the one hour RSI A Double bottom was loosely formed at the 50 level followed by breakout and retest. This is coupled with a trend line breakout and retest. Risk Reward could be as high as 1:8 if price reaches the next descending trend line.
Long
by UnknownUnicorn3974120