Result of my analysis for 11.12.13 (Wednesday)

Result of my analysis for 11.12.13 (Wednesday)

We had Boring day

If you trade according to my trade recommendations your results should have been:

AUDUSD - Loss -25pips (sorry)

AUDJPY - Profit 15pips out of possible 140pips!

USDJPY - Profit 25pips out of possible 50 pips however this one you could have missed entry by 4pips

EURUSD - No trade

In Total if you trade straight to the pip on your entry, its a loss of -10pips today. however if you were to trade the UJ, it was a positive of 15pips.

Cheers!

AUDUSD Daily Outlook for 12th December 2013 (Thursday)

AUDUSD Daily Outlook for 12th December 2013 (Thursday)

Daily Chart

30min Chart

• Yesterday my trade outlook didn't work as i was thinking it will continue to trend up 
• The reason I was wrong was I failed to identify a Bearish Pattern setup due to the False pin from NFP last Friday.
• The pattern worked very well (easier to analyse the past , but cannot ignore the fact that these pattern works well)
• We are trading below the main support of 0.9060, again (third time this month), therefore I believe prices are headed south towards perhaps to 0.86645 which is the FE127.20 in the coming month or two.

Outlook Trade opportunity

Shorts only, and only if prices go up to retest which now is resistance @ between 0.90550 - 0.9060
#1 - Sell order @ 0.90550-0.9060 stops 20pips away, and Tp at least 20pips to make it just a 1:1 return.

Risk Level - LOW

Tips -

Always take note of any economical news event on our provided calender below

USDJPY Daily Outlook for 12th December 2013 (Thursday)

USDJPY Daily Outlook for 12th December 2013 (Thursday)

Daily Chart

Current view - Still in a bull until a lower low is shown on a daily

• The longer trend is up, and past week we had some retraces, and the current retrace has not produce a lower low yet, so the uptrend is still possible.
• Note divergence and double topped has formed.

Hourly Chart

• I have drawn a trendline in the Hourly chart, where yesterday it had some rejection of the 61.8 retrace area.

Outlook Trade opportunity

For today hopefully could perform in Asian session . We will trade of the 61.8% retrace as shown in the Hourly Chart so :
#1 - Buy at 102.31, TP 20pips, Stops 15pips

**Updated** 08:34GMT0
*Bearish Butterfly found on 15min chart)
I have placed sell orders at around 102.876 - looking for TP1 10pips, TP2 - 20pips

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

AUDJPY Daily Outlook 12th December, 2013 (Thursday)

AUDJPY Daily Outlook 12th December, 2013 (Thursday)

Daily Chart

• Was a negative day showing a huge bear candle
• The Stochastics divergence upward trendline seems to be breaking, 

Hourly Chart

• Yen strength is continue to gain yesterday driving most yen crosses down
• Two long bounce (high risk) trade possible

Outlook Trade opportunity

Our Trade recommendation yesterday gave us right now 140pips profit! was a huge winner.
For today, I would not trade as it is currengly sitting at minor support at 92.60
However if this fails the next support is 92.250,then 

Trade #1 i will place buy order at 92.250 small position for a bounce here for a 20pip profit

Trade #2 - if prices go to 91.790 - i will have buy order here as well for 30pip profit

Risk Level High

Tips -

Always take note of any economical news event on our provided calender below

EURUSD Daily Outlook for 12th December, 2013

EURUSD Daily Outlook for 12th December, 2013

Daily Chart

• Nothing much changed, but yesterdays price action tried the 1.38 briefly but failed to stay above

Hourly Chart -

"Bearish Bat?" - note this is not an hourly chart, its a 4H

Trading Harmonic Patterns are not my strength, however this one is found on the 4h.

• On the hourly chart, we are in an up trend, however limited by the october highs
• 4H chart spotted a possible bearish bat, however high risk as the we are reaching the patterns maximum points, but pattern still in play (current high could not penetrate oct highs otherwise pattern disregard)

Outlook Trade opportunity

Not an intraday trade, but a medium term trade, Open a short at the current level with price targets around the 1.6280. Stops at or few pips above oct high.
Please trade lightly

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below