Wednesday, January 16, 2013

AUD / JPY: 16.01.2013 11:48hrs

AUD / JPY:

AJ has a double top in play.

Price broke down through the averages and the pivot points yesterday and I am looking for a short trade when price pulls back, as detailed below:

1st Entry: 93.45
2nd Entry: 94.55

Averaged entry: 93.50

Stop Loss: 93.95

Target: 91.25 (5) and previous support level

Chart below:

 

 
I will update again if and when the trade is triggered.
 
Regards
 
 

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