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AUD / JPY: negative price action alert for possible downgrade

AUD / JPY:  Bearish trend and medium term upward movement.

Fibonacci corection to 50% – serious resistance levels

Horizontal resistance levels 86.67

Pin bar, devouring bar and a new negative price action formation: Reversal Three inside down – a negative signal

CCI (50)  passes below 100 – a signal for correction.

DEM back below 0.7 – a negative signal

Stop loss: 85.89

Stefan Dimov Angelov – Head of Trading Stocks


 Varchev Traders


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