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Saturday, 22 February 2014

AUD/JPY Trade Setup

Again a Gems & Precious Commentary for You, Aud/Jpy has touched the nearest Support zone on Thursday and made a Long Tailed/Fakey Pin Bar setup OR

Doji = Indecision candle (nor buyer or sellers has control respectively)
You can enter an approximate of 50% retrace of pin or on breakout of the pin candle Further we can see two pin bars in weekly timeframe which also indicates the direction towards bullish momentum. RESISTANCE: 94.04 KEY SUPPORT: 91.04 MAJOR SUPPORT: 88.22

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