Long AUD/JPY between 91.00 and 90.83 if the price reaches this level before Midnight GMT tonight i.e. before Thursday 18th July. Take 75% of the position as profit at 91.65, move the stop to break even and allow the remainder to run.
Day traders should wait for the price to return to 91.00 and look for trades from fast long breaks of inside or engulfing bars on the 15 minute chart, being prepared to enter more than once if necessary. After one 15 minute bar closes below 90.83, the signal is invalidated.
Traders that cannot be near their screen should set a limit buy order at 91.01 with a stop loss at 90.62.
