Monday 24 September 2012

AUD/JPY Bullish Spontaneous Move

Bought more, just before it happened, we'll see if it goes up further.



I'm in at 81.1516 for 50K and looking for a large move up. The engulfing candle bar appears to indicate high liquidity on this move; which means a large player might be involved, which means someone with a large amount of capital thinks AUD will rise vs the JPY; which means, that at the moment I'm with the big money on this one. Lately I've taken a few losses, and my confidence is down, but I'm bloodless on this one, and I will chase price according to my method. If I can get 15-20 pips up, I'll move to break-even before I go to sleep. Once again hoping for 82+ on this pair.

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