Business Magazine

Audjpy Short Idea

Posted on the 28 May 2014 by Souljester @souljester618
I was monkeying around with USDJPY this morning per Twitter.  I spent some time with the weekly and daily charts.  AUDJPY appears the clearer play for me.   Here is the VERY SIMPLE setup, and it is by no means a given. We have the 21 EMA crossing the 50 DMA. The target is a July low in the 77s.  The stop is posted above the 21 EMA. AUDJPY SHORT IDEA There is always a bear path and a bull path. We cannot know which path our future will take.  As always, do your own due diligence, read the discliamer, and make your own investment decisions. Peace, Om, SoulJester

Back to Featured Articles on Logo Paperblog

Magazines