Besides having broken 200DMA and historic trendline AUD/JPY has found support in other strong trendline. I still think this is a potential BIGGG short trade but we will have to wait. If dotted trendline is broken a BIG MONEY will be in our hands
If stocks continue to sell-off & panic continue to increase we could see TLT run up to $125 and testing channel resistance. This could turn into a nice swing trade
05/2012 Trendline has been broken + 200DMA pierced + resistance = LREP short momentum/swing trade
Classical Pattern = Dead-Cat Bounce after a sell-off.
Nice Long Low Risk Entry Point. Retesting 200dma
POTENTIAL LONG POSITION WITH BIG PROFITS
This very powerful pattern w/descending volume should give 20% return in little time if completed!!