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Possibly setting up again for another good move (see explanatory chart and further information below).

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Just checking this chart today and noticed it may be possibly setting up for a move in the coming weeks/months. It appears as a

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Early warning.

Looking ahead Aud.Jpy may be setting up for a nice move. We can see on the chart the old up-trend line with the price action about to test the ………

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I’ve closed all my positions now as the action appears to be slowing and the weekend is ahead. Lets see what next week brings. We will get back in on a retracement if the price action dictates a follow through. Low overnight was 80.61 giving an available  maximum of 309 pips.

I dont like to let all my pips slip away on a retrace and with the weekend looming I’ve decided to take some more off here at +31 additional

Its been a very good profitable day and I hope members have also gained many pips too.

I’m just about to close the office and I feel we must see a retrace soon on several pairs so I’ve taken some more at +191, thats another 41 pips. The trailing stop is automatically following up behind. Currently +183

The price action is right at the lower edge of the Kumo on the H4 chart and so for any who are still holding I would suggest taking a few more off here at +150 or thereabouts. That’s an extra 50 pips over where we took some off previously

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Based on one comment received I understand a few people may have got stopped on this pair by the widening of spreads by some brokers over last weekend. However for any that still have positions in place this is just to let you know I have decided to take some trades off at +100 as the office will close soon and I will not be able to monitor progress. (Currently +108).

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