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MEX_Exchange
Jan 24, 2018 2:46 AM

AUDJPY profit target reached once again, prepare to sell Short

Australian Dollar/Japanese YenFXCM

Description

Sell below 88.40. Stop loss at 88.66. Take profit at 87.91.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target once again. We look to sell on major resistance at 88.40 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a further drop to at least 87.91 (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below 96% where a corresponding drop could occur

Comments
LuckyLaki
SUPERB!
AshaDi
This one is delayed to show up?
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