Wednesday, 24 October 2012

EUR/CAD Analysis

Large pinbar candle on the daily timeframe Rejection of 8ema Rejection of strong 12801 area Trend up Trading range broken Moving averages still crossed and pointing up Order to go long: STOP: 12796 ENTRY: 12851 LIMIT: 12988 RISK/REWARD: 2.5/1

Thursday, 11 October 2012

EUR/AUD Analysis

Nice pinbar candle developed ont he daily timeframe off 21ema off 12527 support Trend is up swing points in tact order to go long as per below: STOP: 12499 ENTRY: 12554 LIMIT: 12774 RISK/REWARD: 4/1

Wednesday, 10 October 2012

GBP/JPY Analysis

Inside bar setup below previous support which is now resistance Trend now down Moving averages crossed down Looking to enter after break of mother bar candle Order to short: STOP: 12547 (61.8 of mother candle) ENTRY: 12486 LIMIT: 12368 RISK/REWARD: 2/1

NZD/USD Analysis

Bearish pinbar candles have been developing the past few days. Best one was yesterday but missed it. Looking to enter on a retrace if it happens - Trend turned down - Bearish pinbar candles - Moving averages crossed down - Rejection off 8178 area Order to go short: STOP: 8242 ENTRY: 8186 LIMIT: 8077 RISK/REWARD: 2/1