EUR/JPY Trade 2013-02-12

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

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.

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.

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/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 :)

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/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.

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.

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.

EUR/JPY Analysis 2011-05-26

EJ broke 1H triangle. Possible to continue bearish.

Trade Idea : Enter short with SL

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.

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.

Currecy Daily Update 2011-05-09

EUR/USD

Weekly : Bullish + Retracement.
Daily : Bullish + Weak.
4H : Bearish + Strong.
1H : Bearish + Strong, EU just move out from retracement and currently test latest support at 1.4308.  
Trade Idea: Enter short at 1H TF when EU close below 1.4300 with SL at 1.4446. Current price at 1.4324.

GBP/USD

Weekly : Bullish + Retracement
Daily : Bullish + Weak.
4H : Bearish + Strong.
1H : Bearish + Strong. 
Trade Idea : Hold current position for those who short, Trailing Stop (TS) at 1.6395. Not recommend new position until we see next retracement. Current price 1.6317

GBP/JPY

Weekly : Neutral.
Daily : Bullish + Weak.
4H : Bearish + Strong. Retracement almost completed.
1H : Bearish + Retracement completed.  GJ below Kumo.
Trade Idea : Hold short for those who already short. Can short now with SL at 132.40. Current price at 131.53.

USJ/JPY
Weekly : Bearish + Strong.
Daily : Neutral.
4H : Bearish + Weak.
1H : Bullish + Retracement.
Trade Idea : Wait for UJ close above 81.00 for Long entry. Short when UJ close below 80.10. Current price at 80.65.

EUR/JPY
Weekly : Neutral.
Daily : Bullish + Weak. Triangle pattern fail. Price in downtrend channel, near downtrend channel line and near Kumo. EJ may rebound.
4H : Bearish + Strong. EJ in downtrend channel.
1H : Bearish + Strong. EJ retracement completed. 
Trade Idea : Enter short when EJ close below 115.18, SL at 116.50. Current price at 115.46.

Happy trading to all.

EUR/JPY Analysis 2011-05-05

EJ making a big move. Maybe due to powerful fundamental news on weak USD. Anyway, the chart tell us the situation in advance.

Trade Idea : Traders may want to take partial profit while let the rest ride the wave. Next entry could be taken once EJ made a few new peaks and troughs.

Happy trading.