- Bullish candle on daily time frame
- Broken resistance at 80.24ish
- Bounce off 8ema
- Moving averages pointing up
- With the trend
Order to go long:
STOP: 7954
ENTRY: 8006 (50% retrace of candle)
LIMIT: 8214
RISK/REWARD: 4/1
Thursday, 19 January 2012
AUD/JPY Analysis
The Australian dollar seems to be getting stronger and i see another signal on the daily time frame
- Bullish candle on daily time frame
- Broken resistance at 80.24ish
- Bounce off 8ema
- Moving averages pointing up
- With the trend
Order to go long:
STOP: 7954
ENTRY: 8006 (50% retrace of candle)
LIMIT: 8214
RISK/REWARD: 4/1
- Bullish candle on daily time frame
- Broken resistance at 80.24ish
- Bounce off 8ema
- Moving averages pointing up
- With the trend
Order to go long:
STOP: 7954
ENTRY: 8006 (50% retrace of candle)
LIMIT: 8214
RISK/REWARD: 4/1
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Didnt retrace enough, missed the boat, order cancelled
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