xausd weekly: likely a topped out market at 1600

11 Jan 2020

details please see chart.
high vol bar and massive rejection
the massive wick covers 70% of the body
of the weekly candle. on high volume
most likely: market topped out at 1600.
to confirm wait another week.

unless we get weekly close >1600 next week
look to short sell the week after.
trade setup for position traders only.

update by projectsyndicate.

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