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.