Tuesday, 21 October 2014

USD/JPY Analysis

Bullish pinbar on the daily and weekly timeframes, previous swing point holds today, retraced 38.2 fib but looking bullish to climb higher Order to go LONG as per below: STOP: 10618 ENTRY: 10662 LIMIT: 10772 RISK/REWARD: 3/1

Thursday, 10 July 2014

AUD/CAD Analysis

Bearish Pinbar Candle on the daily timeframe. Trend is down. 10025 previous resistance now support, swing point broken. Moving averages crossed down and diverging. Order to go short as per below: STOP: 10076 ENTRY: 10024 ( 50% retrace) LIMIT: 9846 RISK/REWARD: 4/1

CAD/JPY Analysis

Bullish pinbar candle formed on the daily timeframe. Trend is up. Bounce near 9455 support. Moving averages still crossed over but on the negative side no longer diverging. In terms of a Elliott Wave perspective, this is the 5th wave up after the 4th wave retraced 38.2%. I believe this still has some legs some putting in a order to go LONG STOP: 9459 ENTRY: 9503 (50% retrace of the pinbar candle) LIMIT: 9679 RISK/REWARD: 4/1

Friday, 20 June 2014

EUR/CAD Analysis

Bearish pinbar candles on daily timeframe, trend down, moving averages pointing down and still diverged, 14737 support previous resistance holding, 38.2 fib retrace approaching on monthly timeframe. Order to go SHORT as per below: STOP: 14774 ENTRY: 14738 LIMIT: 14630 RISK/REWARD: 3/1

Monday, 5 May 2014

AUD/USD Analysis

Bullish pinbar candle on the daily timeframe, off 9204 support, trend is up, 38.2 retrace of 3rd march low. Order to LONG as per below: STOP: 9195 ENTRY: 9240 LIMIT: 9420 RISK/REWARD: 4/1

Tuesday, 18 March 2014

EUR/USD Analysis

Bullish pinbar candle on the daily timeframe, Trend up, 8ema holding, support around 13822 slightly below but held, moving averages still diverging, 4hr timeframe has developed a bullish pinbar candle to backup bullish momentum. Order to go LONG as per below: STOP: 13873 ENTRY: 13911 LIMIT: 14025 RISK/REWARD: 3/1

Monday, 3 February 2014

AUD/USD Analysis

Having another go at this after being stopped out earlier. Another bearish pinbar candle on the daily timeframe. 4 hour chart shows a big bearish candle at the top of a trading range. previous resistance 8825 is now support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below: STOP: 8838 ENTRY: 8785 LIMIT: 8626 RISK/REWARD: 4/1