Tuesday, December 4, 2012

AUDJPY Short Trade

myfxvoyage.blogspot.com AUDJPY Short Trade
I am watching this setup from past week. Details [here].

The trendline is resistance-turned-support. Price failed to make new highs on bounce from the trendline. This setup calls for downside. I expect the trendline to become resistance once broken.

200EMA comes aproxx mid of the area.

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