EUR/USD Analysis 2011-06-17

EU currently below Kumo and KS, thus our next trading is selling EU pair. EU moving in bearish channel on daily chart.

In 4H chart we can clearly see EU reached the upper bearish channel line and also touched 61.8% fibo number. Probably this is a strong indication of EU in overbought.

Trade Idea : Recommended shorting EU when bearish candlestick pattern appeared. Probably bearish engulfing in 4H chart.

Happy trading.

GBP/JPY Analysis 2011-06-17

GJ continue downtrend. Refer chart on Daily analysis. GJ already below Kumo which mean bearish in control.

Trade Idea : Only look for short entry. Ride the wave as already in short position. Wait for retracement for new short entry.

Happy trading.

GBP/USD Analysis 2011-06-14

Long term (Weekly chart) has shown that GU in critical situation whether GU continue it bullish or make a bearish reversal.

In mid term (4H Chart) GU move in downtrend channel. A new lower high is yet to be seen. GU in Kumo and can consider a neutral position until it exit Kumo.

Trade Idea: Looking for sell entry with stop loss. If 2 MAs cross each other at 1H chart, a sell decision become more obvious.

Happy trading.

GBP/JPY Analysis 2011-06-08

GJ long term trend looks likes going to continue bearish trend as GJ still in bearish channel trend and stay below Kumo. The bearish movement is confirmed at 4H & 1H chart.

Trade Ideas : Looking for retracement and short entry.

Happy trading.

GBP/USD Analysis 2011-06-07

GU is making progress to continue bullish at TF 1H. Buy Stop adjusted entry triggered yesterday. GU is trying to exit the 4H downtrend channel.

Trade Ideas : Buy entry is triggered.

Happy trading.

EUR/USD Analysis 2011-06-03

EU continue bullish. She may soon may wants to take a break. Better take some profit and let the rest ride the wave.

Trade Idea : No entry recommended. Wait until retracement.

Happy trading everybody. Have a good weekend.

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.