MTPredictor AUDJPY 240M Short

25 Tem 2014

The AUDJPY reached a major Decision Point resistance level where a TS3 sell signal was given (abc pattern). Stops can be moved to break even if price reaches the 100% risk level. This is a nice low risk / high reward setup. Update 8/1. The 100% initial risk line has been exceeded so stops can be moved to break even if you prefer. The next support level sits at 94.80. This is a Decision Point support off of the b swing. This can be used as a target as well for about 2.5R profit.