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Old 12-04-2006, 03:40 PM
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topchess topchess is offline
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Join Date: Dec 2006
Location: Cairo, Egypt
Posts: 328
Smile AUDJPY: Short or too late?

Hello,

I was visiting babypips as my usual and found great new addons, such great forums, all in all I am impressed by the hard work invested in tutorials and developments of babypips.

I want to start sharing ideas with you. I am taking a trade on AUDJPY and I am not 100% convinced that I am on the right track (maybe too late).. Perhaps some traders can make their effective input on this.

Is this a top?

In 1 Dec, AUDJPY made a higher high but closed lower than previous candle low. Today it dropped to 90.70, but almost reversed to high 91.18. do you think the down move is done?

I am already short in line with this reversal pattern, but its slowing somehow.

Following 1-Day chart of AUDJPY|.
Attached Images
File Type: gif audjpy-1day.gif (12.9 KB, 59 views)
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