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flynnsforex
Nov 14, 2015 5:52 PM

AUDJPY potential short Short

Australian Dollar/Japanese YenFXCM

Description

Longterm trend on the daily chart is short. After a test of the 61.8 fib level, we can see price making lower lows, indicating a potential continuation down. Once the daily counter trendline is broken, we could see price drop to levels around the 27.2 fib extension, which also lines up with massive weekly/monthly support/resistance around 79-80
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