Thursday, 21 February 2013

GBP/USD Analysis

Various support seen on weekly timeframe Price has moved quite far from the moving averages on the daily timeframe so needs a pullback to this area Looking for a 38.2% retrace on todays daily candle for entry STOP: 15117 ENTRY: 15217 LIMIT: 15417 RISK/REWARD: 2/1 Countertrend pinbar candle on the daily timeframe

Thursday, 14 February 2013

EUR/CAD Analysis

Big breakdown today as per the previous analysis. It didnt retrace enough for my trade to trigger such was the force down. I dont look at Elliott wave in much detail these days but you can see something that relates if you look at the higher timeframes If you look at the monthly chart, you can see a clear 5 waves down, an A wave up and this is likely to be the B wave down

EUR/CAD Analysis

This trade is setup where the trend looks to have turned down Two bearish pinbar candles have formed on the daily timeframe Rejection of the 13492 area, previous swing area 61.8% retrace of 1st Feb high Only concern is 21ema held Order to go short on 38.2 retrace of previous days candle STOP: 13575 ENTRY: 13496 LIMIT: 13259 RISK/REWARD: 3/1

Thursday, 29 November 2012

Silver Analysis

Big bullish candle developed on daily timeframe Rejection of 21 ema Rejection of 33.48 support Trend up Pinbar candle developed pullback Order to go long: STOP: 32.84 ENTRY: 33.47 LIMIT: 35.05 RISK/REWARD: 2.5/1

Wednesday, 21 November 2012

GBP/CHF Analysis

Daily timeframe has thrown a large bearish timeframe Trend down Rejection of 21 ema dynamic support Moving averages crossed and pointing down Order to go short on break of 19th nov candle STOP: 15002 (61.8 retrace of 19th Nov candle) ENTRY: 14939 LIMIT: 14813 RISK/REWARD: 2/1

Tuesday, 13 November 2012

NZD/USD Analysis

Pinbar candle on daily timeframe, bearish Rejection of 8 and 21ema Candle developed on pullback Moving Averages crossed down Order as below: STOP: 8207 ENTRY: 8178 LIMIT: 8120 RISK/REWARD: 2/1

Wednesday, 7 November 2012

USD/JPY Analysis

Large pinbar candle on daily Rejection off 8ema Moving averages crossed and pointing higher Trend up Weekly and monthly charts bullish Order to go long on pullback: STOP: 7989 ENTRY: 8019 LIMIT: 8229 RISK/REWARD: 7/1