Aud/JPY: Bearish Outlook !!!

8 de mar. de 2015

Aud/Jpy break H4 trendline in downward mode. In H4 & D1 TF 50,100 and 200 EMA stay aboves the current price.That's why this pair still bearish outlook. If retrace the above trend line and again down we can look for short trade. If we want to trade early we can took trade after touch the above trendline and our stop loss shoulbe be at 30-50 pips. Or, If we wait we can took short position on 92.900 level and our stop loss set 30-50 or near swing hight point or resistance and our 1st take profit will be at 92.20 level and our 2nd take profit target is near 91.80 level.
So, keep eyes on this pair.
Hope for the best and happy trading.