EJ is in a medium term down trend, making lower highs and lower lows.
Chart below:
Price has this morning made a move down through the averages and pivot points and I am looking for a short position as detailed below.
Levels and chart below:
1st Entry: 129.90
2nd Entry: 130.10
Averaged entry: 130.00
Stop Loss: 130.50
Target: 127.50
I will update again should the position be opened.
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