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