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[AUDJPY] Bearish trend continuation signal

In Markups by Desmond TatilianLeave a Comment

Bearish trend continuation signal. I had been waiting on some sort of retrace to the .236-.50 fib level of the previous move. Price retraced up to the .236 which is also a Quarter Point and a previous level of structure. We recently made another Lower Low on the H4 chart and printed a bearish engulfing candle after atleast a 2 …