Trade Alert: Sell AUD/JPY

Here are the details of an AUD/JPY postion I opened earlier today.  There is a possible head and shoulders pattern unfolding here, and if that is the case, we've caught it early at the high, close to the point where the pattern would be invalidated.  If the pattern continues to develop, then I will be looking to add to this position.  If I do, I will be sure to post.  If you would like to be updated in a timely manner I urge you to follow me on twitter.  In coming months, I hope to be developing that service, but for now that is the best way to remain as up-to-date as possible.

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CIS* Alert Service  (C009AS)

Date:  Thursday, July 29, 2010

Action:   Sell 1 unit AUD/JPY at 0.78046

Stop Loss:  0.79

Take Profit:   0.75746

CIS* Complimentary Investment Strategy
: mw

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From the Desk of
Aaron Reid
Forex Strategist