Thursday, April 2, 2009

AUDJPY Popped To 72.30

Though I had expected a downturn before the pop... the long flat period today in the 71.xx range clued me in to a possible spike.

When the 15 min bollinger bands tightened up and the price popped above it, the clinch was in.

I hopped on with a couple tiny positions, nearly instantly protected by stop losses, and grabbed a few pips on the spike.

Now the question is, will the uptrend continue or will I get my correction. The way things seem to work it may take a double top to get that correction.

Let's wait and see...

1 comment:

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