Tuesday, 11 June 2013

USD/CAD Analysis

Bearish pinbar on the daily timeframe Current Trend down Rejection of 8ema Moving Averages crossed down We seem to be moving in a sideways fashion on the weekly and monthly timeframes and we are at the upper end of the horizontal zone STOP: 10256 ENTRY: 10212 (50% retrace) LIMIT: 10098 RISK/REWARD: 3/1

Monday, 13 May 2013

USD/CAD Analysis

Bullish pinbar on the daily timeframe Off the 10080 support area Previous swing point broken and held Weekly chart looking bullish Trend has turned back up STOP: 10075 ENTRY: 10107 on entry LIMIT: 10267 RISK/REWARD: 5/1

Wednesday, 6 March 2013

NZD/USD Analysis

- Bearish pinbar candle formed on the daily timeframe - Rejection of 21ema - Moving averages diverging down - Rejection of 8318 support - With the trend Order to short on pullback: STOP: 8353 ENTRY: 8297 LIMIT: 8185 RISK/REWARD: 2/1

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