CJ has been in an up trend as have all the Yen crosses.
Price has recently broken through a trend line that was acting as a support level.
There is also divergence between the oscillating indicators and price.
Chart below:
Price has been making lower highs and lower lows the past 3 weeks.
Price has also formed a Double top pattern on a 60 minute time frame. (Green Line)
Chart below:
Price has this morning broken down and I am looking for a short position on a pull back as detailed below.
Levels and Chart below:
1st Entry: 95.80
2nd Entry: 95.90
Averaged Entry: 95.85
Stop Loss: 96.30
1st Target: 93.60
2nd Target: 89.50
I will update again should the trade be triggered.
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