EUR/JPY Analysis 2011-05-26

EJ broke 1H triangle. Possible to continue bearish.

Trade Idea : Enter short with SL

Happy trading.

GBP/JPY Analysis 2011-05-26

 

Trade Idea : Enter long now with SL.

GBP/JPY Analysis 2011-05-24

GJ just moves outside upper downtrend channel at 4H TF while already making a few candles breakout at 1H TF. This situation gives us the feeling that bearish may soon expire.

Trade Idea : Traders may want to enter buy limit hoping GJ making a pullback. SL can be placed a bit below recent lower low or outside bottom trend line of triangle pattern.

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.

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.