AJ is in a down trend.
Chart below:
Price has retraced to the 61.8% Fibonacci level and has formed a double top.
Price has today broken down through the averages and I am looking for a short position as detailed below.
Levels and chart below:
1st Entry: 89.30
2nd Entry: 89.40
Averaged entry: 89.35
Stop Loss: 89.70
Target: 87.60
I will update again should the position be opened.
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