AUD/YEN VIEW

Update: All AUD/JPY positions now closed. Not looking forward to another merry go round.

I will probably give Friday a miss, so see you Monday.

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Update: Just as i closed my position, this baby decided to move so i just jumped back in. My TP remains the 200 EMA.

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Update 14.16 pm gmt: My position has done pretty much nothing today and US session soon starts. Its all about the DOW but I'm not risking it. I'm closing all my positions 2 pips is better than nothing. DOW Futures down -9.4 now.


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There might be an opportunity to make a quick 100 pips+ before the fundamental news...however this is a very very risky trade so i am going to use a SL of 3o pips from my point of entry.

I hate trading fundies but the reward looks good compared to the risk.....lets see

Looks like a long, entry @ around the 50 EMA...b/4 or after the fundies.

1. Key resistance area broken - now support
2. Fundies out in about 40 mins expected to be positive
3. Goes with my short term bias


TP: 100 EMA [CLOSED]
SL: 40 pips from entry

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