GBP/JPY Analysis

There's a nice downtrend on the daily timeframe so have been on the lookout for price action setups. Fridays close produced a inside bar. It is sitting near resistance so a break of the bigger mother candle needs to happen before i consider entering. This mini retrace here has also retraced 50% of the 5th July High. The inside bars have bounced twice off 8ema. Placing a order based on the break of the mother candle as per below:

STOP: 12745
ENTRY: 12674
LIMIT: 12532

RISK/REWARD: 2/1

Dow Jones Analysis

Dont trade the indices much these days but theres a nice bearish inside bar setup on the daily timeframe. A break below the bigger mother candle which will be below resistance and a bigger fall is on. Trend is now down. Order placed as per below on Aug contract

STOP: 12453
ENTRY: 12333
LIMIT: 12093

RISK/REWARD: 2/1

EUR/USD Analysis

Recent bearish movement in the euro seems to be picking up pace after a breather with the nice looking bearish pin bar candle. Today it retraced the 4th July high by 61.8% fib and turned back. It also rejected support line which was previous resistance. Trend is down on all major timeframes too. nice bounce off 21ema in between the 2 moving averages gives a case to go short stronger. Short order placed as per below

STOP: 14288
ENTRY: 14180 (8ema near 50% retrace of the daily candle)
LIMIT: 13964

RISK/REWARD: 2/1

EUR/GBP Analysis

Big bullish reversal candle suggests another bought of buying is imminent. Is this also was previous strong resistance and with the trend

8 and 21ema still bullish

Order placed to go long as per below:

STOP: 8896
ENTRY: 8954
LIMIT: 9128

RISK/REWARD: 3/1

AUD/JPY Analysis

Have been keeping an eye on these inside bars of the past few days which finally broke upwards today through 87.20 resistance. Seeing as i missed the entry, im hoping for a pullback to the 87.20 area. Trend is up. Order as per below:

STOP: 8668 (roughly 50% of the mother candle on the 1st July)
ENTRY: 8726
LIMIT: 8900

RISK/REWARD: 3/1

CHF/JPY Analysis

Bullish pinbar has formed on the daily timeframe. Bullish momentum seems to be still rising and there are a few signals that back the bullish case

This pinbar has formed off 96.10 support which was previous resistance for the last couple of months. Trend is bullish overall as well. 8ema provides support on the same point as the 96.10 support line

Order to go long as per below:

STOP: 95.82
ENTRY: 96.25
LIMIT: 97.75

RISK/REWARD 3.5/1

GBP/JPY Analysis

Based on the 4hr timeframe, we have uptrend which is building momentum. Today a 4hr hour pinbar has formed which has bounced off the 13000 support which was pretty resistance before. We have also had 2 rejections of 21ema which suggests a move higher is likely. The 2 moving averages are also supporting this trend so ive placed a LONG order as per below


STOP: 12986
ENTRY: 13007
LIMIT: 13112

RISK/REWARD: 5/1