Thursday, 16 February 2012

Aud Jpy - firing short - watch

Cross and 60 min close under the 89 ema Hrly - 83.66 , would have a short signal  firing.  Initial stop -34 Pips. Move to B/E +37 Pips. Care on a bounce at the 61.8 fib @ 83.46 zone although I would only reverse on a full reversal signal and failure to break the 61.8 fib with an hourly close back above the 89 ema 60 min chart.

There is also a SHS present of sorts - Tgt would be almost a complete 100% Fib retrace of the 82.75 - 84.60 rally.










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