NZDUSD - Top of the ascending triangle...

Elliot impulse wave counts tells us a 5th and final leg is expected next after a completion of wave 4 shown by a rejection at the 123.60 fib extension level. We have a good confluence of a trendline and a strong level of resistance to short this pair so look to open shorts as per your own entry criteria.

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Gap up after the weekend never gave us an oppurtunity to enter short