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KhaleemAli
Feb 13, 2017 9:11 AM

EUR/JPY SHORT - Rejection/Fib/Shooting Star Short

Euro Fx/Japanese YenFXCM

Description

Price failed to close above minor resistance level and formed a shooting star candle on the daily time frame. Also, on the fib drawn, the price touched the 50% level perfectly and was rejected from there, so i believe the pair will be heading downwards, the start of a downtrend.
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