Sunday, October 18, 2009

Possible AUDJPY Reversal Point

I obviously have no guarantees but, according to my own proprietary reversal indicator, this is a potential reversal point.

Again, do your own homework, but this is the "signal" I'll be posting to my alerts blog...

UPDATE: It's about 9:49pm and the AUDJPY 1hr chart is showing a potential twin tail.

UPDATE: It's 10:03pm and here's the 1hr chart right now...

And here's the chart from my last post showing the 3hr trend channel.

I don't know if we are going to stay in trend, but I wouldn't expect a straight drop through a support line that has been in effect for so long.

No comments: