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LukasFoisy1
Apr 6, 2014 3:49 PM

AUD/JPY looks bearish Short

Australian Dollar/Japanese YenFXCM

Description

1) 96.00 tested and rejected
2) Running into 1.272 extension (see chart for scale)
3) Near resistance set in October
4) Gravestone-doji
5) Good Risk/reward
Comments
EvanCancun
Making a killing on this same sentiment. So far so good. Looking forward to hitting maximum profits around 94-95 range, and we'll so how it shapes up from there.
LukasFoisy1
Great EvanCancun! Be careful however because the following week could be a little messy for "carry-trade" pairs as a lot of data will be coming out thus varying the market's general risk appetite. If stock indices continue to fall however, this trade could be phenomenal. Have a great day!
stickdog
I also have something like this in mind :)
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