AJ is in an uptrend.
Chart below:
Price has pulled back to the 61.8% Fibonacci level, where it has formed a double bottom.
Chart below:
Price has now begun to move back up with the trend and I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 93.40
2nd Entry: 93.30
Averaged entry: 93.32
Stop Loss: 93.95
1st Target: 95.35 (5% & previous high)
2nd Target: 98.00 (11.63% projected target)
I will update again should the position be opened.
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