Today I shorted AUDJPY at 82.07. Stop at 83.43 and limit at 80.80. I am prepared to add leverage twice in further short trades should we hit 82.50 and 83.00.
This is a trade I made based on a combination of momentum and Elliott Wave indicators I've developed over the past five years. I would show you some charts, but as a new member here, I can't post links to them. Basically, this pair is looking very over-bought on the 15 minute all the way out to the 8-hour chart; and in Elliott Wave terms, we have completed a clear 5 waves up from the June 25 low, meaning that we are now due for a correction of at least 50%
Wishing everyone some blissful pips for the holiday in the States.