[TW] 7-30-2011 AUDJPY Long by Eddardstark

[eddardstark]

Long or Short: Long
Entry Point: 84.80
Stop Loss: 84.00
Profit Target/s: 86.20, 87.80
Reward-to-risk Ratio: 1.75:1 and 3.75:1
Risk: 1%
Indicators: Stochastic (14)

Rationale:
Reverse candle on Fibo level and pair is on uptrend lately. BOJ will intervene and weaken yen because USDJPY and EURJPY are already at their major lows.


Trade Adjustments:
Move stop to entry whtn PT1 is hit.

[ANIROODH]

GUD LUCK TO U
Pippani

[Zulupip]

Kaboom..short,Blew me away!!!down,down,down!!!