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Is it time now? uhm….. AUD/JPY

by Gav Leave a Comment

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!

[photopress:audjpy08feb2008_daily.gif,full,1]

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

About this tool

Filed Under: Trading Journal Tagged With: Forex Blogroll, FX, Trading Journal

Reader Interactions

Comments

  1. Jay says

    at 5:57 pm

    Whoops!

    Reply
    • Jay says

      at 5:59 pm

      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.

      Reply
  2. Jay says

    at 4:57 am

    Whoops!

    Reply
    • Jay says

      at 4:59 am

      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.

      Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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