AUD/JPY ANN Strategy/EMA Forecast
The ANN strategy is playing the EMA's. It shows a short signal above the 40 EMA and the 40 EMA is above the 110 EMA. 2 Things could happen here.
1.The price retests 86.2 and then heads downwards.
2.The price just heads down to where the 110 EMA is.
I say only short 1/3 contract at that level because that is where the price will hit 95% of the time. Save the other 2/3 for a bounce at 84.7, or you could put a trailstop on the 2/3 instead.
1.The price retests 86.2 and then heads downwards.
2.The price just heads down to where the 110 EMA is.
I say only short 1/3 contract at that level because that is where the price will hit 95% of the time. Save the other 2/3 for a bounce at 84.7, or you could put a trailstop on the 2/3 instead.
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