Bounce off 21ema
With Trend
Bounce off 10535 support
50% retrace off 16.9 low
LONG order as per below:
STOP: 10227
ENTRY: 10325
LIMIT: 10521
RISK/REWARD: 2/1
Sunday, 9 October 2011
USD/CAD Analysis
Huge bullish pinbar on daily timeframe
Bounce off 21ema
With Trend
Bounce off 10535 support
50% retrace off 16.9 low
LONG order as per below:
STOP: 10227
ENTRY: 10325
LIMIT: 10521
RISK/REWARD: 2/1
Bounce off 21ema
With Trend
Bounce off 10535 support
50% retrace off 16.9 low
LONG order as per below:
STOP: 10227
ENTRY: 10325
LIMIT: 10521
RISK/REWARD: 2/1
EUR/USD Analysis
Bearish pinbar formed on the daily timeframe
It has rejected 8ema and off 13494 support
Bounce off upper trendline
61.8 retrace
With Trend
Short order as per below:
STOP: 13529
ENTRY: 13441
LIMIT: 13265
Risk/reward: 2/1
It has rejected 8ema and off 13494 support
Bounce off upper trendline
61.8 retrace
With Trend
Short order as per below:
STOP: 13529
ENTRY: 13441
LIMIT: 13265
Risk/reward: 2/1
Wednesday, 28 September 2011
AUD/CAD Analysis
A bearish pinbar has formed on the daily timeframe. It has come off 10122 support which was previous strong support on the bullish side. 2 Rejections of 8ema as well. With the trend. Theres a clear triple top on the weekly timeframe which gives weight to the bears. Have placed a short order as per below:
STOP: 10170
ENTRY: 10122
LIMIT: 9978
RISK/REWARD: 3/1
STOP: 10170
ENTRY: 10122
LIMIT: 9978
RISK/REWARD: 3/1
Tuesday, 6 September 2011
EUR/JPY Analysis
This is a similar setup to the chf/jpy trade placed earlier this week
Bearish pinbar on the daily timeframe. broken through resistance which is now support
Trend is down. Rejection of 8ema. 4hr chart shows today 50% retrace then turn of the 29th Aug high. Looking to go short on 50% retrace of daily pinbar
Order as follows:
STOP: 10999
ENTRY: 10888
LIMIT: 10666
Risk/Reward: 2/1
Bearish pinbar on the daily timeframe. broken through resistance which is now support
Trend is down. Rejection of 8ema. 4hr chart shows today 50% retrace then turn of the 29th Aug high. Looking to go short on 50% retrace of daily pinbar
Order as follows:
STOP: 10999
ENTRY: 10888
LIMIT: 10666
Risk/Reward: 2/1
EUR/USD Analysis
Huge bearish pinbar candle on the daily chart which suggests we're finally breaking out of this frustrating trading range!
Broken below 14072 resistance. Trend is clearly down. Forex markets were volatile today so allowing stops to be extra big. Order placed to short the 50% retrace of this candle:
STOP: 14285
ENTRY: 14126
LIMIT: 13826
Risk/Reward: 2/1
Broken below 14072 resistance. Trend is clearly down. Forex markets were volatile today so allowing stops to be extra big. Order placed to short the 50% retrace of this candle:
STOP: 14285
ENTRY: 14126
LIMIT: 13826
Risk/Reward: 2/1
Sunday, 4 September 2011
CHF/JPY Analysis
The daily timeframe is currently showing one of my favourite setups. Nice bearish pinbar, clear rejection of support and with the current trend which is down! Also a bounce off the 38.2 retracement of the 9th Aug high. Short order placed as per below:
STOP: 9882
ENTRY: 9792
LIMIT: 9612
RISK/REWARD: 2/1
Thursday, 1 September 2011
GBP/JPY Analysis
Bearish pin bar candle developed on the daily timeframe. The 4hr chart shows a nice level at 125.62 where former resistance has now turned into support with 2 bounces off that level with a pinbar. Ideal entry wouldve been a retrace of these candles.
Trend is down and resistance doesnt come until 123.35. There is also a bounce off 9ema which sits at the 125.62 support too. Order placed to go short as per below:
STOP: 12536
ENTRY: 12470
LIMIT: 12338
RISK/REWARD: 2/1
Trend is down and resistance doesnt come until 123.35. There is also a bounce off 9ema which sits at the 125.62 support too. Order placed to go short as per below:
STOP: 12536
ENTRY: 12470
LIMIT: 12338
RISK/REWARD: 2/1
Subscribe to:
Posts (Atom)