Monday, 5 May 2014
AUD/USD Analysis
Bullish pinbar candle on the daily timeframe, off 9204 support, trend is up, 38.2 retrace of 3rd march low.
Order to LONG as per below:
STOP: 9195
ENTRY: 9240
LIMIT: 9420
RISK/REWARD: 4/1
Tuesday, 18 March 2014
EUR/USD Analysis
Bullish pinbar candle on the daily timeframe, Trend up, 8ema holding, support around 13822 slightly below but held, moving averages still diverging, 4hr timeframe has developed a bullish pinbar candle to backup bullish momentum.
Order to go LONG as per below:
STOP: 13873
ENTRY: 13911
LIMIT: 14025
RISK/REWARD: 3/1
Monday, 3 February 2014
AUD/USD Analysis
Having another go at this after being stopped out earlier. Another bearish pinbar candle on the daily timeframe. 4 hour chart shows a big bearish candle at the top of a trading range.
previous resistance 8825 is now support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below:
STOP: 8838
ENTRY: 8785
LIMIT: 8626
RISK/REWARD: 4/1
Wednesday, 29 January 2014
EUR/AUD Analysis
Bullish candle on the daily timeframe, Trend is up, previous resistance at 1.5553 is now support, moving averages still diverging, pinbar candle created within moving averages, AUD is weak on other charts too, weekly and monthly charts bullish. Order to go LONG as per below:
STOP: 15467
ENTRY: 15563
LIMIT: 15755
RISK/REWARD: 2/1
AUD/USD Analysis
Bearish pinbar candle on the daily timeframe, previous resistance 8825is not support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below:
STOP: 8830
ENTRY: 8762 (38.2 fib retrace on candle)
LIMIT: 8558
RISK/REWARD: 3/1
Wednesday, 22 January 2014
USD/CHF Analysis
Bearish pinbar candle on the daily timeframe. However, this is against the recent bullish trend. Strong support at 9155. Double top. Bearish pinbar candle on 4hr adds to short term bearish case. Order to go SHORT as per below:
STOP: 9161
ENTRY: 9120
LIMIT: 8997
RISK/REWARD: 3/1
Thursday, 16 January 2014
GOLD Analysis
Bullish pinbar candle on the daily timeframe, moving averages turned up, 3 pinbar candle have formed in this uptrend so far, 2 supports areas have held, pinbar candle formed on pullback. Order to go LONG as per below:
STOP: 1226
ENTRY: 1239.5
LIMIT: 1259
RISK/REWARD: 2/1
Subscribe to:
Posts (Atom)