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.