Thursday, November 22, 2012

AUDJPY Short Trade AUDJPY Short Trade
I am watching this setup from past few sessions. Previously I went short at 84.64. Details [here].

I am still holding my that short position.

Currently price is touching and pulling back from ascending channel's upper trendline. I added another short at current prices at 85.61. 

Pair looks overbrought on daily and H4 charts. Moreover pair has posted 6 days of continuous gains. I am expecting a pullback.

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