- Daily timeframe has bearish candle.
- Bounce off 8ema and 9315 support
- Short term trend now down
Order to short as per below:
STOP: 9343
ENTRY: 9270
LIMIT: 9087
RISK/REWARD: 2.5/1
Wednesday, 25 January 2012
USD/CHF Analysis
Dollar has weakened across all pairs and its looking good for a retrace in these pairs.
- Daily timeframe has bearish candle.
- Bounce off 8ema and 9315 support
- Short term trend now down
Order to short as per below:
STOP: 9343
ENTRY: 9270
LIMIT: 9087
RISK/REWARD: 2.5/1
- Daily timeframe has bearish candle.
- Bounce off 8ema and 9315 support
- Short term trend now down
Order to short as per below:
STOP: 9343
ENTRY: 9270
LIMIT: 9087
RISK/REWARD: 2.5/1
Tuesday, 24 January 2012
AUD/USD Analysis
Going to have a 2nd bite of the cherry. Still think the bulls are in control bouncing off support and 8ema today. Order to go long as peer below:
STOP: 10420
ENTRY:10480
LIMIT: 10690
RISK/REWARD: 3.5/1
STOP: 10420
ENTRY:10480
LIMIT: 10690
RISK/REWARD: 3.5/1
Thursday, 19 January 2012
AUD/JPY Analysis
The Australian dollar seems to be getting stronger and i see another signal on the daily time frame
- Bullish candle on daily time frame
- Broken resistance at 80.24ish
- Bounce off 8ema
- Moving averages pointing up
- With the trend
Order to go long:
STOP: 7954
ENTRY: 8006 (50% retrace of candle)
LIMIT: 8214
RISK/REWARD: 4/1
- Bullish candle on daily time frame
- Broken resistance at 80.24ish
- Bounce off 8ema
- Moving averages pointing up
- With the trend
Order to go long:
STOP: 7954
ENTRY: 8006 (50% retrace of candle)
LIMIT: 8214
RISK/REWARD: 4/1
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
- 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
- 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
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
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