EURUSD

Hey everyone,

The EURUSD is looking pretty good for a short on this daily chart. Here is why:
1. Head & Shoulders pattern with neckline break (some may call the pattern a Bump and Run Reversal either way the implication is still very bearish)
2. 8,21 EMA cross downwards
3. Break of key support @ around 1.2730 as well as lower channel boundary
4. Price below21, 50, 200-EMAs
5. ADX @ 35
6. Price has already reached 50%-61.8% Fib zone (ambush zone) of previous downward swing
7. The weekly still in strong downtrend (8,21 EMA downward cross with ADX @ 34)

Will be looking to short on a pullback

Cheers!!!!!

GBPUSD

Hello all

Start of a new trading week.. Just got into a long position on the GBPUSD. The signal here was the highlighted hikkake pattern on the 4-Hour chart. So far so good

Cheers

EURJPY

Hi all


Got creamed on the AUDUSD trade made on the 9th...ah well....
c'est la vie. I got into a short trade on the EURJPY yesterday. The signal was this beautiful pinbar(looks like a hikkake pattern) on the 1 Hour chart following the FOMC news. As of today I am up over 250 pips and the bearish momentum is going strong. My trade is at breakeven at the moment. Will see how this pans out.


Happy trading

AUDUSD

Hi Folks

Opportunity to go long on this pair. The signal is the inside bar (NR7). In addition there is a confluence of factors which support this trade idea:

1. Uptrend shown by the golden cross of the 8,21 EMAs(arrows) and sloping upwards
2. Trend very strong as indicated by an ADX over 30 and rising
3. Weekly chart (not shown) indicating 1,2 above

Entry would be at the close of the inside bar candle. I would be looking to exit @ 0.9400

Cheers and happy trading