Tuesday, March 12, 2013

AUD / JPY: 12/03/2013 13.12hrs

AUD / JPY:

This pair is in an up trend

Chart below:



Price has recently pulled back allowing log positions to be considered.

Price has this morning broken up through the averages and I am looking to buy AJ as detailed below

Levels and Chart below:

1st Entry: 99.05
2nd Entry: 98.98

Averaged Entry: 99.00

Stop Loss: 98.70

Target: 100.50 (5%)

 

 
I will update again should the trade be triggered.
 
 

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