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MattWalz
Feb 9, 2017 3:14 AM

AUDJPY Daily prediction Short

Australian Dollar/Japanese YenFXCM

Description

Yesterday price formed a Daily Spinning Top formation as it tried to reject the ascending TL. Having broken the TL, the spinning tops offer an indication of hesitation before a potential downside move. I will be looking for a break of the H4 consolidation before entering this pair short. However, with the outer ascending TL fairly close, be sure to monitor PA before confirming a long term bearish run.
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