Thursday, 31 October 2013

AUD/USD Analysis

Bearish Pinbar candle on the daily timeframe, Weekly turned down too, 9529 support holds, Moving averages close to crossing, Other USD pairs showing bearish signs, Order to go short as per below: STOP: 9531 ENTRY: 9487 LIMIT: 9331 RISK/REWARD: 4.5/1

Thursday, 17 October 2013

GBP/CHF Analysis

Bullish pinbar candle on the daily timeframe, Previous resistance at 14512 now strong support after several rejections, overall trend is up, nice pinbar candles on the 4hr timeframe backup move up, Near term resistance at 14584 could be a stumbling block but it doesnt look like a key level to me. Order to go LONG as per below: STOP: 14506 ENTRY: 14566 LIMIT: 14732 RISK/REWARD: 4/1

Tuesday, 8 October 2013

NZD/JPY Analysis

Bearish pinbar candle formed on daily timeframe, Previous swing point broken, Trend turning down, Moving averages crossing down, Order to go short as per below: STOP: 8101 ENTRY: 8048 LIMIT: 7942 RISK/REWARD: 2/1

Tuesday, 1 October 2013

EUR/JPY Analysis

Bearish pinbar candle formed on pullback, on the daily timeframe, Uptrend is turning down, Swing point (11th sept high broken and tested today), 133.41 support held, weekly timeframe turned down, Order to go short as per below: STOP: 13353 ENTRY: 13285 LIMIT: 13149 RISK/REWARD: 2/1

Wednesday, 25 September 2013

AUD/CAD Analysis

Pinbar candle created on daily timeframe, candle created inbetween 8 and 21ema, Higher-lower movement, Trend up, 9643 support holding, pinbar on 4hr timeframe adds to bullish case, weekly trend up, 50% retrace of 12th sept low ORDER TO GO LONG: STOP: 9621 ENTRY: 9652 LIMIT: 9776 RISK/REWARD: 4/1

Tuesday, 10 September 2013

EUR/USD Analysis

1)Bullish pinbar candle on the daily timeframe 2)Swing point of downward move broken 3)Trend back up, backed up by bullish weekly candle for last week 4)Rejection of 13230 support 5)50% retrace from 20th Aug high to 9th July low Order to go long on 50% retrace: STOP: 13223 ENTRY: 13252 LIMIT: 13413 RISK/REWARD: 7/1

Thursday, 22 August 2013

EUR/USD Analysis

Bullish pinbar candle has formed on the daily timeframe. Rejection of 21ema and 8ema. 13344 support held. Trend is strong and still up 4 hour chart shows a strong bullish candle as well. Moving averages still crossed over and diverging. Order to go long on a 50% retrace of the daily pinbar candle STOP: 13291 ENTRY: 13335 LIMIT: 13467 RISK/REWARD: Theres strong resistance ahead at 13392 which might cause a problem. But considering the strength of the euro today i'm going to take a risk here looking for it to break and hold. So i'm going for 3/1.

Tuesday, 30 July 2013

EUR/JPY Analysis

- Bearish Pinbar candle formed on the Daily timeframe. - Off 13056ish support which has been a good event area in the past (see blue circles on chart). - Swing point broken. - Inside bar formation - Trend down, confirmed on 1 and 4 hour. - Moving averages turned down though not crossed yet. Order to go SHORT on 50% retrace of the daily candle STOP: 13056 ENTRY: 13012 LIMIT: 12858 RISK/REWARD: 3.5/1

Sunday, 14 July 2013

EUR/USD Analysis

Slightly risker trade on the daily timeframe - Bullish type pinbar candle on the Daily timeframe - Swing point broken - Coming towards top of the trading range but not thre yet - 12977 support area has been an even area in the past and rejected this area on Friday - Short term trend is up - Moving averages have turned up Order to go LONG STOP: 12992 ENTRY: 13049 - 50% retrace LIMIT: 13163 RISK/REWARD: 2/1

Thursday, 11 July 2013

CAD/JPY Analysis

Having another go at this after the bullish pinbar candle that developed on the daily timeframe today. Trend is still up Rejected the same area as the 2/3 July pinbars Todays pinbar formed in between 8 and 21 ema Couple of nice pinbars on the 4hr timeframe Daily pinbar created on a pullback. Order to go long: STOP: 9438 ENTRY: 9512 LIMIT: 9660 RISK/REWARD: 2/1

Wednesday, 3 July 2013

CAD/JPY Analysis

Pinbar candle on the daily timeframe 94.18 level acting as a good support level and has previously been resistance too Trend has turned up, moving averages close to turning up. Previous swing point broken and held today Order to go long on a 50% retrace of the pinbar candle STOP: 9412 ENTRY: 9488 LIMIT: 9663 RISK/REWARD: 2.5/1

Tuesday, 11 June 2013

USD/CAD Analysis

Bearish pinbar on the daily timeframe Current Trend down Rejection of 8ema Moving Averages crossed down We seem to be moving in a sideways fashion on the weekly and monthly timeframes and we are at the upper end of the horizontal zone STOP: 10256 ENTRY: 10212 (50% retrace) LIMIT: 10098 RISK/REWARD: 3/1

Monday, 13 May 2013

USD/CAD Analysis

Bullish pinbar on the daily timeframe Off the 10080 support area Previous swing point broken and held Weekly chart looking bullish Trend has turned back up STOP: 10075 ENTRY: 10107 on entry LIMIT: 10267 RISK/REWARD: 5/1

Wednesday, 6 March 2013

NZD/USD Analysis

- Bearish pinbar candle formed on the daily timeframe - Rejection of 21ema - Moving averages diverging down - Rejection of 8318 support - With the trend Order to short on pullback: STOP: 8353 ENTRY: 8297 LIMIT: 8185 RISK/REWARD: 2/1

Thursday, 21 February 2013

GBP/USD Analysis

Various support seen on weekly timeframe Price has moved quite far from the moving averages on the daily timeframe so needs a pullback to this area Looking for a 38.2% retrace on todays daily candle for entry STOP: 15117 ENTRY: 15217 LIMIT: 15417 RISK/REWARD: 2/1 Countertrend pinbar candle on the daily timeframe

Thursday, 14 February 2013

EUR/CAD Analysis

Big breakdown today as per the previous analysis. It didnt retrace enough for my trade to trigger such was the force down. I dont look at Elliott wave in much detail these days but you can see something that relates if you look at the higher timeframes If you look at the monthly chart, you can see a clear 5 waves down, an A wave up and this is likely to be the B wave down

EUR/CAD Analysis

This trade is setup where the trend looks to have turned down Two bearish pinbar candles have formed on the daily timeframe Rejection of the 13492 area, previous swing area 61.8% retrace of 1st Feb high Only concern is 21ema held Order to go short on 38.2 retrace of previous days candle STOP: 13575 ENTRY: 13496 LIMIT: 13259 RISK/REWARD: 3/1