Thursday, November 15, 2012

AUD / JPY Update: Thursday 15th November 2012 04:43hrs

AUD / JPY:

The trade has been triggered I am long from 83.15 and 83.00 with a total position size of 1%

Price has made it's move back up to yesterdays high.

I have moved the stop loss to break even, to eliminate the risk on this position.

Chart below:

 


The position is in profit by 1.6% at the time of writing.

My target is in place at 84.95 for 5%, however I will look to lock in profit as the trade develops over the next 24hrs.

I will update again on this position at the end of the day.

In the mean time I am looking for the next strategy trade and will post again when it has been identified.

Regards

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