EURJY m15 chart: It seems pretty clear to me that a donward move has better chances.
Statistic and Probabilistic Trading
Monday, April 30, 2012
#EURJY Trade Idea
Just like EURAUD did last Friday, EURJY has been short term trading down. Just have a look at your M15/M30 charts for this pair and you should see it. Therefore, it could provide a nice entry(short) on the pullback close to the high of the day. Lets just hope the market reaches the entry level.
Wednesday, April 25, 2012
#GBPUSD & #AUDUSD Trading Idea
Cable has encountered tough resistance @1.6165(as observed on daily) and seems to be unable to continue its upward move at the moment. 1.6165 is also the high of October 2011. I wouldr love to see the main move of the week be changed to down (break of 1.6075) and therefore be able to enter intraday shorts or even an intraweek short. We are almost at month end and so we should see how this pair behaves into next month. There is also some confirmed bearish MACD divergences on M30/H1 targeting 1.6020 at least.
AUDUSD has a potential entry on the pullback (short) while it reaches out close to the weekly high. There is also a trendline right into that vicinity. Lets keep our fingers crossed.
AUDUSD has a potential entry on the pullback (short) while it reaches out close to the weekly high. There is also a trendline right into that vicinity. Lets keep our fingers crossed.
GBPUSD resistance on the daily chart.
Divergence observed on the H1 TF. Also observed on the M30 TF.
Monday, April 23, 2012
#EURUSD
Hi there folks,
As previously posted, the Euro continues in a very strong long term down trend movement. Actually, it is slowly moving down inside a very well defined channel observed on the daily chart.
In last few weeks, the pair has actually been consolidating and my opinion is that it will recharge its downward move once it reaches the upper trend line of this channel. It has encountered strong resistance and doesn't seem to have the strength to take out the 1.32 level at the moment.
There is a pragmatic support @ the 1.30 level which will most likely be taken out once price gets the bounce from the channels upper trend line.
I would favor short entries on this pair at the moment.
As previously posted, the Euro continues in a very strong long term down trend movement. Actually, it is slowly moving down inside a very well defined channel observed on the daily chart.
In last few weeks, the pair has actually been consolidating and my opinion is that it will recharge its downward move once it reaches the upper trend line of this channel. It has encountered strong resistance and doesn't seem to have the strength to take out the 1.32 level at the moment.
There is a pragmatic support @ the 1.30 level which will most likely be taken out once price gets the bounce from the channels upper trend line.
I would favor short entries on this pair at the moment.
EURUSD inside a very clear decending channel.
Sunday, April 22, 2012
Back
Hi there my friends,
After some well deserved vacations and involvement on a non trading related project, I will be back updating my blog on a regular basis.
Hope you keep enjoying.
Best,
Mauro.
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