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nakedchartist
Sep 21, 2014 7:52 AM

AUDJPY shorton current down momentum h1 Short

Australian Dollar/Japanese YenFXCM

Description

On a higher timeframe, AUDJPY's direction might not be clear at the moment. This short is just based on a recent downmove which had retraced and halted at current f6 level.
A day bull trap has been completed together with macd divergence so this was what got me interested.
However I do want to see some testing at 9740 to ascertain that I have put in at least a decent position, and not throwing my $$ away.

The trend , indeed is not as smooth as previous weeks' trade, so i should be downsized if i wish to short this.
Comments
nakedchartist
Done and not be greedy. Getting out.
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