AJ is in a down trend.
Chart below:
Price has pulled back to to the 38.2% Fibonacci Level.
This morning price has broken down through the averages.
I am looking for a short position as detailed below:
Levels and Chart below:
1st Entry: 92.15
Stop Loss: 92.40
Target: 90.90 (2.5%)
I am looking to take a small position with 0.5% risk and will add to the position when price moves away from the entry level.
I will update again should the position be opened.
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