Is it time now? uhm..... AUD/JPY

During my routine Sunday chart scanning , AUD/JPY jumps out to me. I see something interesting. It looks like a bearish flag, then it broke down, pulled back, and this might be a downtrend continuation. I am watching closely, and play at the short side with caution. But,be prepared, it might signal a new bull run of the pair.

Here is the ........CHART!

Here is the trend score, a weak downtrend is indicated, which shows a potential.

negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
audjpy08feb2008_trend.JPG

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  1. Jay
    Whoops!
    1. Jay
      Might be a good short now (on 12 February)...I'm net long JPY as well today. Trades just bouncing around for now, so I really think Ima gonna have to watch the rollover... Time will tell.
  2. Jay
    Whoops!
    1. Jay
      Might be a good short now (on 12 February)...I'm net long JPY as well today. Trades just bouncing around for now, so I really think Ima gonna have to watch the rollover... Time will tell.