Gold Trend Analysis 2013 03 14

Gold price still in bullish trend and stay above SMA200. However, gold is sideway for mid term and in descending triangle pattern. Gold trader still not making any move whether to continue bullish or start a new bearish trend.

Triangle pattern can be considered as correction phase while moving in uptrend/downtrend. Some trader/investor taking profit while the other is buying.

Gold can be reinvest when price near the supporting line as price tend to rebound thereafter. Trader can execute stop loss when gold price break the supporting line.

Happy investing.

EUR/JPY Trade 2013-02-12

Short trade for EU. Place stop loss around 50 pips above entry.

GBP/CHF Trade 2013-01-24

I saw triple bottom. Want to try it.

Stop loss below tail. Will be done manually.

GOLD Trading 2013-01-24

Gold broke the channel.

Trade with manual stop loss.

GBP/JPY WEEKLY ANALYSIS 2013-01-20

GBP/JPY WEEKLY ANALYSIS 2013-01-20

All the best.

EUR/JPY Technical Analysis 2012-09-24

As EJ already making a new higher high, we are now looking for higher low before we preparing ourselves to take a new trade. EJ may want to test 61.8% fibo.

Trade idea:
No trade until we see the formation of higher low. As EJ is above kumo then we only want to take long trade. We want to see EJ break tenkan sen then we ready to take a trade.

Let's see the next move.

GBP/JPY Technical Analysis 2012 09 09

GJ is above Kumo and we believe GJ will continue bullish. We already set our 1st and 2nd target. GJ also in 'Cup with Handle' pattern. A reliable pattern. Let's see how GJ doing next week.

Gold Technical Analysis 2012 09 09

Weekly Gold Analysis.

Gold finally broke the triangle pattern. Our target will be at 1970.20. If price reverse in direction we will close our position manually. Let's see next week.

EUR/JPY Technical Analysis 2012 09 09

EJ broke the resistance. EJ now above Kumo and trend turned to bullish. We have two targets price as draw on the chart. Let's see whether our first target reach or not. Then follow by 2nd target.

Good luck.

GOLD Technical Analysis 2012-06-10

GOLD DAILY CHART

Gold currently in descending triangle, gold traders are at sideway as no fresh news on USD. Anyway, just monitor the chart and make decision when gold break channel or support.

Bloomberg news on gold. The analyst targeted gold will up to USD2,000 this year. Let's see and trade.

Trade Idea:
Stay aside until breakout happened.

GBP/USD Technical Analysis 2012-06-10

4H CHART

GU is in correction phase. Still in Kumo.

Trade Idea:
Standby to short when GU close below 1.5400. Possible target is at 1.5270.

GBP/JPY Technical Analysis 2012-06-10

GBP/JPY Technical Analysis 2012-06-10

4H CHART

GBP/JPY still in downtrend while making correction.

Trade Possibility :
Standby to short if close below 121.80

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.