Monday, April 20, 2009

AUDJPY: Decision Point

After the downward move, see the last post, we are now poised to either bounce off the previous low or sink down.

In other words, either result provides opportunity.

Here's another snap of the 1MIN showing the AUDJPY bouncing just above the recent low of 68.06 (as shown by the yellow support lines drawn under the candlesticks).

Take a look, make your call, set a good stop if you know how...

... continuing ...

We've got another little uptrend going. No telling whether or not we're going to get very far or not.

I've got an in-profit stop loss riding along with this to see how things turn out.

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