CJ is in a medium term down trend.
Chart below:
There is divergence between the oscillating indicators and price on the medium term charts.
Chart below:
Price has this morning broken through the averages and made a new low.
I am looking for a short position as detailed below.
Levels and Chart below:
1st Entry: 97.50
2nd Entry: 97.70
Averaged entry: 97.60
Stop Loss: 98.05
1st Target: 95.35
2nd target: 93.80
I will update again should the trade be triggered.
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