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Forex Trading: Short EURJPY and Stop Trailed on AUDUSD Longs

Forex Trading: Short EURJPY and Stop Trailed on AUDUSD Longs

2012-11-27 14:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Stops on the AUDUSD long position have been trailed to 10450. The entry was last Wednesday at 10340.

I went short EURJPY last night at 10641 with a 10718 stop. Signs of exhastion early in the week are promising on intradays (JS Spikes on 240 minute charts). Stops will be trailed when appropriate but a soft target area is 10465.

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