Significant top?

Last weeks candle looks very bearish as the pair got rejected at 6.67 and closed at 6.54,
making a shooting star candlestick formation in the process.

This could be a significant top as we have completed three legs from 2011 low
and seven legs from 2013 low.

We also find that price is in an interesting area from a Fibonacci stand point.

This correction could go on and grind higher, but I'm currently short against
last weeks high.

A break above 6.85 (wave c of y = 1.618 wave a of y) would give me reason
for reconsideration.

My demo account is now inactive. Stay tuned for my real account.

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