EJ has been making lower highs and lower lows on the medium term time frame.
Chart below:
There is also divergence between the oscillating indicators and price.
Chart below:
There is a double top formation on the short term charts.
Price has broken down through the averages this morning.
I am looking for a short position on a pull back to the averages as detailed below.
Levels and Chart below:
1st Entry: 130.60
2nd Entry: 130.70
Averaged Entry: 130.65
Stop Loss: 130.95
1st Target: 129.15
2nd Target: 127.50
I will update again should the trade be triggered.
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