GOLD Analysis 2011-12-12

Gold continue downtrend after making new lower high at 4H chart.

Pending sell already triggered and target profit suggested at 1648.00. SL at 1725.00

GBP/CHF Analysis 2011-11-27

GC in bullish trend but it's trend is getting weak. This situation leave us an option to either long or short.

If choose to wait for long entry, resistance 2 should be broken to confirm bullish. However, GC may form 2nd triangle after exit 1st triangle as drawn in daily chart.

Looking at 4H chart, GC is in correction of bearish trend. This situation is contradicting with daily chart. Anyway, entry can be made by following Ichimoku rule. Wait for Tenkan Sen (TS) to stay below GC.

Trade Idea:
1- Enter long by looking at daily chart.
2- Enter short by looking at 4H chart and take profit at 1st target level.

GOLD Analysis 2011-11-27

Gold daily chart show the lower high in action. Thus we can consider that Gold in correction from down trend.

Gold is currently in Kumo (No trade zone for daily chart). However, Gold testing the Kumo as support.

A possibility of good trend when Gold break Kumo.

At 4H chart, Gold clearly under bearish trend and currently in correction phase.

Trade Idea:
Sell Gold when break the support line. Target is as shown in the chart.

EUR/USD Analysis 2011-11-20

EU in no trade zone at weekly chart but she just exit Kumo 4 days ago. A lower high clearly be seeing in daily chart.

As of current EU level, we can draw resistance, support and target profit. Refer daily chart.

EU stay below Kumo at 4H chart and she pullback when she touched KS. We believe correction for bearish is progressing.

A bearish triangle also clearly seen at 4H chart. This suggest the current bearish trend is weak.

Trade Idea :
1- Wait for EU stay outside triangle.
2- Enter short when EU break support and stop at SL.

gOOd Luck.


Status as of 2011-11-23:
This one is quite challenging as EU moves in triangle. The probability to rebound after reached lower triangle is high. If this happen, need to put SL at breakeven.

Status as of 2011-11-25:

EU hit target. Enough for this week. Seek new position next week. :-)

GBP/USD Analysis 2011-11-20

GU is in no trade zone for weekly and daily chart as GU moves inside the Kumo. However, we can see a strong bearish trend at 4H TF. 


At 4H chart, a correction is progressing. GU below Kumo and KS. A lower high pattern tell us down trend in action and simply indicate to only enter short trade.

For long term strategy (refer daily chart), GU should exit Kumo to continue uptrend. When GU above Kumo, then we look a correction at 4H chart to enter long.

Trade Idea :  Short below support line 1.5688 and take profit at 1.5500. A +188pips target.

Status as of 2011-11-23:
GU will soon reach the target? Let's see.

EUR/USD Analysis 2011-07-18

EU still below Kumo and believe EU will go further down. EU sell position taken base on few criteria not mentioned here because it other than Ichimoku. First important criteria is candle formation itself. 2nd the evening star appeared near fibo 61.8%. However, Ichimoku help in detecting main trend.

Trade Idea : Looking for new candle formation such as bullish engulfing or morning star.

Happy trading.

EUR/USD Analysis 2011-07-14

EU in daily chart moving in bearish channel line. EU already broke the triangle pattern and bounce back to it previous line.

However, at 4H chart, EU touched resistance bearish line. Using standard RSI, bearish divergence is emerging. Stochastic also in overbought area suggest EU maybe at peak.

Be careful of emerging Bullish Engulfing even though EU below Kumo. Candle pattern is reliable at Daily chart.

Trade Idea: Sell with SL.

EUR/JPY Analysis 2011-07-13

EJ long term still in downtrend as refer to bearish channel line. However, price touched the lower channel line and rebound.

Trade Idea : Entry strategy is not according to Ichimoku strategy as this strategy counter the current trend. Buy already trigger and floating in profit. Target profit is near previous low assuming market has memory of reaching previous support or resistance.

Happy trading.

EUR/USD Analysis 2011- 07- 07

EU if we look at 4H chart already reached 61.8% fibonacci. Probably she wants to make a rebound. EU touched Kumo and hammer form as rejection to downtrend. However, there still posibility EU to continue bearish subject to Kumo breakout.

  

Trade Idea : Buy entry to positively hedge (lock the winning position) the previous sell position. Wait for downtrend retracement to enter another new sell position.

Happy trading.

USD/JPY Analysis 2011-06-29

UJ has already made a retracement after breaking the triangle pattern. New HiHi and HiLo can be seen and we can say bullish trend is in action.

UJ move in Daily Kumo and the candle reached the KS. We can say UJ is in uncertainty.

Trade Idea : Buy triggered. Wait for UJ reach to target profit. Maybe can wait for UJ to reach support trend line for new long entry.

Happy trading

Gold Analysis 2011-06-23

I believe gold could be the strong reason why many other pairs that related with USD move strongly. USD is getting strong versus Gold. However, on weekly chart, Gold still moves in bullish trend line.

Trade Idea : Sell gold with SL above evening star either auto or manual SL.

Happy forexing. :)

USD/JPY Analysis 2011-06-23

UJ just showed us the bullish candlestick formation, bull belt hold. As UJ touched the upper line of triangle pattern, UJ may wants to have a pullback. Watch out.

 

Trade Idea : Enter long with SL.

Happy candlestic-King

EUR/JPY Analysis 2011-06-23

Candlestick formation quit confusing for EJ as there are a few bull and bear candle changed every candle and finally it over right by one long bear candle for final confirmation. Ichimoku help finding the overall trend. Trade decision is more accurate using candlestick reversal pattern. Also very good for Money Management.

 

Trade Idea : Wait for reversal candle to close position.

Happy candlestic-king :)

GBP/USD Analysis 2011-06-23

GU give a very long candlestick bear engulfing formation. However, GU still continue it bearish.

Trade Idea : As GU already touched lower channel line, I believe GU wants to make a rebound sooner or later. Should take profit soon.

Happy trading.

EUR/USD Analysis 2011-06-23

Candlestick pattern materialised as combined with trendline.

 

Trade Idea : Just waiting EU to hit target profit or next reversal candle to take profit.

Happy trading.

EUR/JPY 2011-06-17

EJ still in bearish trend.

EJ in retracement at 4H chart and move in channel. Waiting for candle confirmation to continue bearish trend.

Trade Idea : Wait for confirmation either to long or short.

Happy forex hunting.

EUR/USD Analysis 2011-06-17

EU currently below Kumo and KS, thus our next trading is selling EU pair. EU moving in bearish channel on daily chart.

In 4H chart we can clearly see EU reached the upper bearish channel line and also touched 61.8% fibo number. Probably this is a strong indication of EU in overbought.

Trade Idea : Recommended shorting EU when bearish candlestick pattern appeared. Probably bearish engulfing in 4H chart.

Happy trading.

GBP/JPY Analysis 2011-06-17

GJ continue downtrend. Refer chart on Daily analysis. GJ already below Kumo which mean bearish in control.

Trade Idea : Only look for short entry. Ride the wave as already in short position. Wait for retracement for new short entry.

Happy trading.

GBP/USD Analysis 2011-06-14

Long term (Weekly chart) has shown that GU in critical situation whether GU continue it bullish or make a bearish reversal.

In mid term (4H Chart) GU move in downtrend channel. A new lower high is yet to be seen. GU in Kumo and can consider a neutral position until it exit Kumo.

Trade Idea: Looking for sell entry with stop loss. If 2 MAs cross each other at 1H chart, a sell decision become more obvious.

Happy trading.

GBP/JPY Analysis 2011-06-08

GJ long term trend looks likes going to continue bearish trend as GJ still in bearish channel trend and stay below Kumo. The bearish movement is confirmed at 4H & 1H chart.

Trade Ideas : Looking for retracement and short entry.

Happy trading.

GBP/USD Analysis 2011-06-07

GU is making progress to continue bullish at TF 1H. Buy Stop adjusted entry triggered yesterday. GU is trying to exit the 4H downtrend channel.

Trade Ideas : Buy entry is triggered.

Happy trading.

EUR/USD Analysis 2011-06-03

EU continue bullish. She may soon may wants to take a break. Better take some profit and let the rest ride the wave.

Trade Idea : No entry recommended. Wait until retracement.

Happy trading everybody. Have a good weekend.

EUR/JPY Analysis 2011-06-02

EJ now at the crossroad and traders are discussing whether to long or short. We can see from the charts that many in neutral stage except at 4H chart. A breakout will take charge sooner or later.

Trade Idea : Refer chart 4H for long entry with SL.

Happy trading.

GBP/USD Analysis 2011-06-02

GU now quite confusing as there are mixture of trends. Bullish and bearish at different time frame.

Trade Idea : Enter long when GU break above resistance or short when GU break support. Enter with SL.

Happy trading.

EUR/JPY Analysis 2011-05-31

EJ continue it bullish trend as it broke the triangle pattern at daily, 4H and 1H chart. This is a classic way of technical analysis which many traders can simply spot the situation.

As we can see the profit at this moment, it's wise to lock some profit.

Trade Idea : No new trade at this moment. Wait for retracement. Take some profit and let the rest ride the wave.

If anyone wants to contribute ideas, you are welcome.

GBP/JPY Analysis 2011-05-31

GJ continue bullish at mid term chart (4H & 1H). However, GJ still in neutral position at long term chart. At 1H chart, GJ touched upper channel line and pullback is possible.

Trade Idea : Wait for retracement. Lock for some profit and let the rest ride the wave or just breakeven.

Happy trading.

EUR/USD Analysis 2011-05-31

EU already making +137 pips from last week long entry. Believe bullish to continue riding the wave. To those who entered many lots can lock some profit and let the rest continue to make profit or breakeven.

Trade Idea : No new long or short recommended.

Happy trading.

GBP/USD Analysis 2011-05-27

GU possible to retrace before continue bullish at Daily Chart. On 1H chart GU showing bullish strength is getting weak as it moves in triangle.

On 4H chart, GU can be assumed moving in triangle as a new higher low (HL) is yet to be seeing. Thus before GU continue bullish, we might see a new HL.

Trade Idea : Traders may want to take short for mid term profit and put long at higher low for long term profit. We can see the result next week.

Happy weekend.

EUR/JPY Analysis 2011-05-27

Long term still bullish. EJ breakout 1H triangle. Suggest to enter long.

Trade Idea : Enter buy limit with SL.

Happy trading.

GBP/USD Analysis 2011-05-26

GU already made in bullish reversal at Daily time frame (TF). As long term bullish trend still intact, we may see a continuation of bullish trend.

Believe GU will make a pullback before continuing it bullish trend. Refer 1H chart.

Trade Idea : Contrarian traders may want to take some profit by entering short with SL while waiting for entering long at 50% Fibonacci.

Happy trading.

EUR/JPY Analysis 2011-05-26

EJ broke 1H triangle. Possible to continue bearish.

Trade Idea : Enter short with SL

Happy trading.

GBP/JPY Analysis 2011-05-26

 

Trade Idea : Enter long now with SL.

GBP/JPY Analysis 2011-05-24

GJ just moves outside upper downtrend channel at 4H TF while already making a few candles breakout at 1H TF. This situation gives us the feeling that bearish may soon expire.

Trade Idea : Traders may want to enter buy limit hoping GJ making a pullback. SL can be placed a bit below recent lower low or outside bottom trend line of triangle pattern.

Happy trading.

EUR/JPY Analysis 2011-05-23

EJ longer TF still in triangle. EJ almost touching the upper boundary of triangle pattern. EJ may pullback or breakout.

Trade Idea : Contrarian traders may take a short position with SL. If EJ close above upper triangle trendline, trader may want to wait for pullback before taking long position.

Happy trading.

GBP/JPY Analysis 2011-05-18

We are looking for GJ to break the recent Supply Line as stated in 1H TF. GJ currently in flat range, refer 4H TF as we can see bigger range between Supply/Demand line. Traders may want to see GJ in bullish channel before making long entry. I believe sooner or later, GJ will change it course to bullish. Anyway watch out if GJ continue bearish.

Trade Idea : As GJ neutral at long term chart, I want to take risk by put a Buy Stop at 1H TF. SL is manual according to personal money management. Traders may want to make Sell entry now and SL at recent peak.

Happy Trading.

EUR/USD Analysis 2011-05-17

EU long term is in bullish. EU mid term is mix with bearish at 4H TF but bullish at 1H TF. Applied Heiken Ashi candle to the average price movement.

Trade Idea : Enter long when EU close above Supply Line as indicate in chart 1H & 4H. Enter short when EU close below Demand Line. Don't forget to apply SL.

Happy trading.

EUR/JPY Analysis 2011-05-17

EJ long term still in neutral movement. Traders may want to look at mid term strategy. EJ at 4H TF still in bearish but weak. Recent peak still below than previous peak and it tell us EJ still in bearish. However, EJ already making an uptrend when she stay above Kumo at 1H TF.

Trade Idea : Enter long when EJ close above KS at 1H TF. Enter short when EJ close below KS at 4H TF. Don't forget to put SL if not hedging.

Happy trading.

GBP/USD Analysis 2011-05-17

GU long term is in bullish channel trendline. Trader may want to make entry according to long term trend.

Trade Idea : As GU touching the Kumo at daily TF, she may wants to make a rebound. Put pending buy order above recent peak at 1H TF or wait GU breaks and above KS at 4H TF. Don't forget to put SL in case GU wants to continue bearish.

Happy trading.

GBP/JPY Analysis 2011-05-17

GJ is in neutral position at long term charts. At 4H chart, GJ still not breaching it previous peak. GJ may continue downtrend if she breaks KS as support line.

Trade Idea: Buy with SL or place buy stop above recent peak at 1H TF with SL below recent bottom.

Happy trading.

GBP/USD Analysis 2011-05-11

New entry for today. GU hit the previous significant Support.

Trade Idea : Put buy limit and SL. Target at recent Resistance.

Updated: Overall chart analysis for reference.

Happy Trading