Trade Alert: Sell AUD/JPY

We got stopped out for minimal profit late last night on this pair, but the tone of the risk appetite today means I am more confident that AUD/JPY is on it's way down.  I bought at current market levels, but I have left a generous stop loss price, so consider entering if the price heads higher to a price you are willing to risk, or wait until confirmation of direction, as if it is going down I will most certainly be looking at areas where I can add to my position.  Never risk more than you can afford to lose.

===========================================

CIS* Alert Service UPDATE (C010AS)

Date:  Friday, July 30, 2010

Action:   Sell 2 unit AUD/JPY at current market levels (0.7758)

Stop Loss:  0.79 

Take Profit:   0.75746

CIS* Complimentary Investment Strategy
: mw

===========================================



Did you know you can be immediately informed of trade alerts?
Follow us on Twitter at: http://www.twitter.com/BDIForex
You can have our twitter alerts sent to your mobile phone as soon as we update it.

Don't have a Twitter account yet? Get one by going to http://www.twitter.com/


Products and Services:
Learn to Trade Forex with a Mentor: LMT Mentor
Members can get up to $250 cash bonus on their forex account.  Find out how by posting on this blog today.   

From the Desk of
Aaron Reid
Forex Strategist