jbourgault
Short

AUDJPY short on resistance

FX:AUDJPY   Australian Dollar/Japanese Yen
6 0 1
AUDJPY             is on a bullish run as JPY is sold across the board. However, I suspect this to be a simple correction as all indexes are approching major resistance (same thing for OIL             which is going down again). Plus, if NFP number are good tomorrow, it might make increase the propability of a Fed rate hike (which is not priced in the market anymore).

Wait to see if this the current trend line is broken. If not, that could be a trade with a high win vs loss ratio.

Stop loss : a couple pips above the trend line.
Target #1 : The trend line just above
Target #2 : TBD

Will will use a traling stop on this one
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