Last idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.
A clear wedge formation could be seen forming on EURUSD. As prices fail to make higher highs, prices are currently moving lower. I suspect that the pair will break below 1.0813 support to make lower lows in the near future. However, it also does have opportunity to go higher as well, so be cautious.
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With a stop at a strong trend line, price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD supports this claim as they are all near MAJOR consolidation areas
short @ the stop of 1.5200
stop @ 1.52381
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