2012/05/04 EURAUD – Harmonic Pattern completion at strong resistance

2012/05/04
trade-analysis

7.29am Good morning all. Just shorted EURAUD with a tight stop. Nice pattern completion at 78.6 retracement. EURAUD H1

Read more »

2012/05/03 CADJPY breaking out of resistance zone

2012/05/03
trade-analysis

14:23 (GMT+8) Hello folks! Yesterday Gump posted a potential bullishness in EURJPY. Personally I feel that CADJPY will be a better bet. CADJPY H4 Price action must clear the blue zone for a safer trade. Hopefully we can ride this trade to fib extension 127.2. However, one should take note that there isn’t any bullish divergence shown in...

Read more »

2012/05/02 EURUSD Bat Pattern setup

2012/05/02
trade-analysis

Did you guys catch the movement down after the butterfly pattern completed at 1.3280? It was just for 80 pips but it was still a nice move. I feel that the EUR will come down later this week with the key news items around but for the moment, take profit when you can and...

Read more »

2012/05/01 GBPUSD weakens but rejects support

2012/05/02
trade-analysis

9.26am GBPUSD has corrected to a strong support. Last night’s ISM result tried to push it below last week’s key resistance, however, the bulls showed strength. I am now looking at a key trendline resistance to long the GBPUSD. As mentioned in my weekly outlook, I am bullish on USD denom pairs and will be looking at strong...

Read more »

2012/05/01 Shorting EURUSD near resistance zone

2012/05/01
trade-analysis

Hello folks! Have been out of touch on the market for few months and this is my first analysis, sharing my thoughts on EURUSD. EURUSD D1 EURUSD has been trending up for the past few months but to me, there is more downside. Price action is now at resistance zone and downward sloping trendline. For further...

Read more »

We serve nuffnang ads!

3wavecorrection

3wavecorrection

Learn how to apply this simple strategy!

Follow Us On Twitter

Useful Trading Resources and Links

Find Us On Facebook