Tuesday, November 20, 2012

AUD / JPY UPDATE: Tuesday 20th November 2012 14:28hrs

AUD / JPY

Price has attempted to break the high from last night at 84.78 and has just not been able to make the move. Price is currently 84.63

Price action is slow and I have decided to push the stop loss up to 84.55 locking in 4% profit.

I have adjusted my limit order to 85.75 (7.4)

Should price make the move up I am happy to hold to the second target of 85.75

If price breaks back down, I have squeezed as much out of the position as I could.

Chart below:

 
I will update again when the next strategy trade has been identified.
 
Best Regards
 
 

No comments:

Post a Comment