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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Monday, September 9, 2013

AUD/JPY ***NEW TRADE ALERT***

I'm entering 1/2 position short AUD/JPY @ 92.20 and 1/2 position @ 92.40. Both entries will have a 93.00 Stop loss and 90.30 take profit for now. I have us completing wave 3 of A up on larger timescale charts. Zoomed in the 3 wave is in it's final 5th wave.

Chart:


Zooming in on completion of the iv wave on the chart above gives us this picture:


So I'm expecting at least a 4th wave down. Proper take profit levels can not be established until completion of the 3rd wave, so I'll keep you posted on this trade.

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