STOP: 8668 (roughly 50% of the mother candle on the 1st July)
ENTRY: 8726
LIMIT: 8900
RISK/REWARD: 3/1
Thursday, 7 July 2011
AUD/JPY Analysis
Have been keeping an eye on these inside bars of the past few days which finally broke upwards today through 87.20 resistance. Seeing as i missed the entry, im hoping for a pullback to the 87.20 area. Trend is up. Order as per below:
STOP: 8668 (roughly 50% of the mother candle on the 1st July)
ENTRY: 8726
LIMIT: 8900
RISK/REWARD: 3/1
STOP: 8668 (roughly 50% of the mother candle on the 1st July)
ENTRY: 8726
LIMIT: 8900
RISK/REWARD: 3/1
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Stopped out as soon as the non farm payroll news came out on Friday afternoon. Got to be more careful placing trades when big news is out
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