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MEX_Exchange
Jan 4, 2018 1:53 AM

AUDJPY testing major resistance, remain bearish Short

Australian Dollar/Japanese YenFXCM

Description

Sell below 88.09. Stop loss at 88.71. Take profit at 86.69.
Reason for the trading strategy (technically):
Price continues to test our major resistance area at 88.09 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and we remain bearish looking for a drop towards 86.69 support (Fibonacci retracement, horizontal support).
Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely.
Comments
yitiancai
stop loss touched..
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