Tuesday, 13 December 2011

AUD/USD analysis

Short signal on daily after bearish couple of days.

- Big bearish pinbar candle on daily timeframe
- Trend down
- Bounce off support
- No resistance until 9770s
- Gap left around 9770s yet to fill

Short order as per below:

STOP: 10166
ENTRY: 10052
LIMIT: 9824

RISK/REWARD: 2/1

Sunday, 4 December 2011

EUR/USD Analysis

Bearish candle on daily timeframe
With the downward trend
Support held
False break of the inside bars (2 previous candles)

Short order as per below:

STOP: 13552
ENTRY: 13476 - 62% retrace
LIMIT: 13286

RISK/REWARD: 2.5/1


EUR/JPY Analysis

Bearish pinbar candle formed on the daily timeframe
Trend = Down
Bounce off support at 10470.
4hr chart also shows a rejection at horizontal level.

Order to short:

STOP: 10572
ENTRY: 10489
LIMIT: 10323

RISK/REWARD: 2/1


Thursday, 17 November 2011

USD/CAD Analysis

Daily timeframe is looking very bullish after breaking the 10266 resistance area

Pinbar candle formed on daily timeframe
Strong trend upwards
several bounces off 8 ema and both emas are pointing up

Order to go long as per below:

STOP: 10194
ENTRY: 10250
LIMIT: 10474

RISK/REWARD: 4/1

Tuesday, 8 November 2011

AUD/USD analysis

Bullish pinbar candles holding up well off 21ema support. Bounced off it 6th day in succession. Todays bar created a inside bar and its with the trend. Order to go long as per below:

STOP: 10268
ENTRY: 10340
LIMIT: 10556

Risk/Reward: 3/1

Thursday, 3 November 2011

AUD/JPY Analysis

Bullish pinbar candle on daily timeframe. Momentum strong, moving averages pointing up. bounce off 8ema and horizontal support. Trend up. Long order as per below:

STOP: 7957
ENTRY: 8075
LIMIT: 8281

RISK/REWARD: 1.75/1

Tuesday, 1 November 2011

AUD/CAD Analysis

Huge bullish pinbar on daily. Off strong support and 21ema. With trend. Long order as below:

STOP: 10418
ENTRY: 10488
LIMIT: 10628

RISK/REWARD: 2/1