Market Winning Trade Set-Ups for 07/23/2015


Currency Pair: AUD/JPY
Closing Price: 91.10
Entry Order: SELL stop @ 91.05
Stop loss: 91.35
Take profit: 89.97

Analysis: This pair formed a double-top bear pattern in May-Jun at the 97.00 price level. Following a massive capitulation to about 89.00, prices then rebounded back to about the 92.50 area, where another (interim ) double-top resistance area has formed. I suspect a break below current prices could see this pair go all the way back to the 89.00 support area.