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.

EUR/USD Analysis 2011- 07- 07

EU if we look at 4H chart already reached 61.8% fibonacci. Probably she wants to make a rebound. EU touched Kumo and hammer form as rejection to downtrend. However, there still posibility EU to continue bearish subject to Kumo breakout.

  

Trade Idea : Buy entry to positively hedge (lock the winning position) the previous sell position. Wait for downtrend retracement to enter another new sell position.

Happy trading.

USD/JPY Analysis 2011-06-29

UJ has already made a retracement after breaking the triangle pattern. New HiHi and HiLo can be seen and we can say bullish trend is in action.

UJ move in Daily Kumo and the candle reached the KS. We can say UJ is in uncertainty.

Trade Idea : Buy triggered. Wait for UJ reach to target profit. Maybe can wait for UJ to reach support trend line for new long entry.

Happy trading

Gold Analysis 2011-06-23

I believe gold could be the strong reason why many other pairs that related with USD move strongly. USD is getting strong versus Gold. However, on weekly chart, Gold still moves in bullish trend line.

Trade Idea : Sell gold with SL above evening star either auto or manual SL.

Happy forexing. :)

USD/JPY Analysis 2011-06-23

UJ just showed us the bullish candlestick formation, bull belt hold. As UJ touched the upper line of triangle pattern, UJ may wants to have a pullback. Watch out.

 

Trade Idea : Enter long with SL.

Happy candlestic-King