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leftis
Jan 10, 2017 10:27 AM

RSI DIVERGENCE - REJECTION OF 61.8% RETRACEMENT & PIVOT POINT Short

Australian Dollar/U.S. DollarFXCM

Description

The pair advanced to break the bearish trendline but soon after rejected the 61.8% retracement from December's high & a twice tested pivot level. Plus there is a strong RSI divergence indicating the pair might move lower. S/L has been placed above the pivot level (it might retest it). Will move it to B/E if 1:1 is reached.
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