Thursday 31 October 2013

Possibly Looking to Pick up An AUDJPY Contract if My Price is Met

Looking at AUDJPY ~ I would love to have bought in the high 80s the last time it was in that vicinity - oh wait, I did, but I did not hold. My living circumstances at the time contributed to a poor trading environment, but that is another post altogether.

Looking at this hourly chart for AUDJPY, I am looking at the area below current prices as a possible buying point. If I were more aggressive, I would buy now and say the hell with it, but that latest hourly candle is looking like a hammer, which means down further possibly. The 92.60-90 area could be a great buying opportunity as a potential demand zone, if it holds and moves back up into the next supply area at 0.9350ish. I have a pending order at this point in that area and I am watching closely the data coming up in the next few hours.

No comments:

Post a Comment