AUDJPY Nice Risk/Reward Set Up

٢٥ أكتوبر ٢٠١٣

Grab a long now, pop the s/l at 92.90 and t/p at 94.20. As of the time I'm publishing this that's a 3:1 risk/reward. The Aussie got its teeth kicked in on the Chinese bank bad loan catalyst. I think as long as the trend remains up we're near the bottom.

For what it's worth, my money is where my mouth is. Long at 93.28 with the above stop/limit in place.