Monday, 28 May 2012

EUR/USD Analysis

Bearish candle formed on the daily timeframe Off 12626 support Moving Averages still pointing down and diverged No clear resistance below until 11800's Order to short on break of low STOP: 12603 ENTRY: 12503 LIMIT: 12003 RISK/REWARD: 5/1

EUR/JPY Analysis

The euro continues to slide and there have been opportunities to get on the ride down. The current one is a inside bar formation on the daily timeframe. It is currently with a very strong trend, moving averages are pointing down and diverged. Enter to go short as per below: STOP: 9979 ENTRY: 9936 LIMIT: 9736 RISK/REWARD: 5/1

Thursday, 3 May 2012

GBP/JPY Analysis

Order to go short on break of mother bar candle low: - Bearish candle on daily timeframe - Inside bars, both bearish - Rejection off 130.61 level - Moving averages pointing down STOP: 13026 ENTRY: 12934 LIMIT: 12750 RISK/REWARD: 2/1

Wednesday, 2 May 2012

USD/CAD Analysis

Bearish candle on daily Rejection of 21ema and 8ema Trend down Moving averages still down 4hr chart shows rejection of 9892 area Order to go short on a 50% retrace of daily candle: STOP: 9907 ENTRY: 9874 LIMIT: 9775 RISK/REWARD: 3/1