GOLD Analysis 2011-12-12

Gold continue downtrend after making new lower high at 4H chart.

Pending sell already triggered and target profit suggested at 1648.00. SL at 1725.00

GBP/CHF Analysis 2011-11-27

GC in bullish trend but it's trend is getting weak. This situation leave us an option to either long or short.

If choose to wait for long entry, resistance 2 should be broken to confirm bullish. However, GC may form 2nd triangle after exit 1st triangle as drawn in daily chart.

Looking at 4H chart, GC is in correction of bearish trend. This situation is contradicting with daily chart. Anyway, entry can be made by following Ichimoku rule. Wait for Tenkan Sen (TS) to stay below GC.

Trade Idea:
1- Enter long by looking at daily chart.
2- Enter short by looking at 4H chart and take profit at 1st target level.

GOLD Analysis 2011-11-27

Gold daily chart show the lower high in action. Thus we can consider that Gold in correction from down trend.

Gold is currently in Kumo (No trade zone for daily chart). However, Gold testing the Kumo as support.

A possibility of good trend when Gold break Kumo.

At 4H chart, Gold clearly under bearish trend and currently in correction phase.

Trade Idea:
Sell Gold when break the support line. Target is as shown in the chart.

EUR/USD Analysis 2011-11-20

EU in no trade zone at weekly chart but she just exit Kumo 4 days ago. A lower high clearly be seeing in daily chart.

As of current EU level, we can draw resistance, support and target profit. Refer daily chart.

EU stay below Kumo at 4H chart and she pullback when she touched KS. We believe correction for bearish is progressing.

A bearish triangle also clearly seen at 4H chart. This suggest the current bearish trend is weak.

Trade Idea :
1- Wait for EU stay outside triangle.
2- Enter short when EU break support and stop at SL.

gOOd Luck.


Status as of 2011-11-23:
This one is quite challenging as EU moves in triangle. The probability to rebound after reached lower triangle is high. If this happen, need to put SL at breakeven.

Status as of 2011-11-25:

EU hit target. Enough for this week. Seek new position next week. :-)

GBP/USD Analysis 2011-11-20

GU is in no trade zone for weekly and daily chart as GU moves inside the Kumo. However, we can see a strong bearish trend at 4H TF. 


At 4H chart, a correction is progressing. GU below Kumo and KS. A lower high pattern tell us down trend in action and simply indicate to only enter short trade.

For long term strategy (refer daily chart), GU should exit Kumo to continue uptrend. When GU above Kumo, then we look a correction at 4H chart to enter long.

Trade Idea :  Short below support line 1.5688 and take profit at 1.5500. A +188pips target.

Status as of 2011-11-23:
GU will soon reach the target? Let's see.

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.