Balazs
Short

Go With The Trend

FX:AUDJPY   Australian Dollar/Japanese Yen
25 0 4
We had a nice double top at the higher time frame upper trend line, retraced to a great entry of <886, and dropped as expected to the 127 fib projection. Now consolidating, we could see a further drop to the 1618             level or lower.

Caution: Slight possibility of the current consolidation turning into a double bottom.
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