Thursday, 19 January 2012

AUD/USD Analysis

Daily timeframe looking bullish.

- Inside bar formation
- Bullish candle today
- Moving averages pointing up
- Trend up
- Broken above 10374 resistance, 2 bounces off this support

Order to go long as per below:

STOP: 10367 (50% retrace of Mother bar candle on 17th Jan. Also off support)
ENTRY: 10453 (Break of the Mother bar candle on the 17th Jan)
LIMIT: 10693

RISK/REWARD: 3/1

Sunday, 15 January 2012

NZD/USD Analysis

First trade of the year planned, had to wait for a decent signal (patience is everything!)

- Bullish candle on daily timeframe
- With the uptrend
- Bounce of 8ema
- Bounce off 7877 support which was previous resistance
- Nice large candle on 4hr chart.

Order to go long as per below:

STOP: 7857
ENTRY: 7907
LIMIT: 8107

RISK/REWARD: 4/1

Wednesday, 28 December 2011

NZD/USD Analysis

Bearish Pinbar Candle on Daily Timeframe
Bounce off nearby support
Trend clearly down
Other USD pairs bearish
No obvious resistance until low 7500s
False break of 21st Dec candle


Order to short as per below:

STOP: 7786
ENTRY: 7725
LIMIT: 7505

RISK/REWARD: 4/1

Friday, 16 December 2011

AUD/USD Trade

Having a second pop at the cherry. didnt get a chance to post this before but am in short at 9988.6. Still bearish and bounced off 8ema today

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