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


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