AUD/JPY Analysis

False break out candle on the daily timeframe. Referred to as a "Fakey" by Nial Fuller on www.learntotradethemarket.com. With the trend, bounce off inbetween the 2 EMAs and a 50% retrace of the 1st Aug high. Entry is meant to be break off the mother, slightly late on this on by about 20pips

STOP: 8089
ENTRY: 7935.9
LIMIT: 7706.4

RISK/REWARD: 1.5/1