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