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Joined Feb 2008
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Status: Determined.
|667 Posts
Here is my AJ trade from last week. It hovered around entry point for a few days and then on Friday there was a nice push in favour of my position.
Likely I'll be moving to BE at market open in a few minutes. As you can see there is strong resistance around 87.35 to 87.50 and I don't want this trade to turn into a loser!
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Joined Feb 2008
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Status: Determined.
|667 Posts
I've moved to BE on AUDJPY and I'm looking to add to my AUD position with continued weakness from USD.
AU is at an obvious resistance level as well. The bears have knocked the pair down 3 or 4 times in the past 6 months or so. I suppose I am taking on extra risk by trying to go long here however I am keeping my overall risk to account at a level I am comfortable with and if the pair does break through and find support - well then that would be simply awesome