Result of my analysis for 16.12.13 (Monday)

Result of my analysis for 16.12.13 (Monday)

Typical monday results

AUDUSD - no trade

USDJPY - first trade -15pips + second trade + min 15pips out of possible 30pips

AUDJPY - early asian session stop run stopped me out by few pips of -20pips, however those who entered after should be in positive

EURUSD - 28pips out of possible 55pips

Total pips 8 pips profit out of possible 70pips - i'll call today a Break Even day!

Cheers

*Special edition for AUDNZD - possible long entry?

*Special edition for AUDNZD - possible long

Just a quick one here, i am going long around these areas for a possible retrace trade from this downtrend.  Divergence in hourly and a bullish pattern.

Cheers

EURUSD Daily Outlook for 17th December 2013 (Tuesday)

EURUSD Daily Outlook for 17th December 2013 (Tuesday)

*sorry as there was a delay on my analysis, otherwise we might be filled for a long early Asian session*

Daily Chart

On a daily we closed slightly higher from Friday and also tried to reach last weeks high but falied to do so. The 78.6 retrace / 1.3700-6820 area is a major support for any long, and any break of that will have a good profit zone to the next support.

• Major support is at 1.6820-1.3700
• Still in an up trend.
• Potentially we are / or completed the third wave, and waiting for the fifth wave up.

Hourly Chart

Our forecast of a possible bullish crab on Friday, works out quite well yesterday.  Major support is at the lows of Friday, and for intraday today, Support is at 1.3750 area

• Although divergence is spotted in hourly, I am still looking for higher highs or at least market to test last weeks high

Outlook Trade opportunity

For intraday, any dips for us to go long at the 1.3750 area we shall take a small position. If prices fail at that support, the major support of 1.3710 is where we will take another long.
#1 - Long at 1.3750 and tp at fib levels and pivot

Risk Level Medium

Tips -

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

USDJPY Daily Outlook for 17th December 2013 (Tuesday)

USDJPY Daily Outlook for 17th December 2013 (Tuesday)

Daily Chart

Yesterdays candle shown good buying pressure at the 88.6 fib. This works well with this uptrend which have a good possibility of forming new highs.

• Divergence on stochastics RSI

Hourly Chart

As we are working on a upward channel , and showing buying interest , i believe today we should open long orders.

• In Chanel - currently testing its bottom line, therefor good possibility for bounce higher
• Found good support , yesterday at around the 102.5 - market has no reason to retest those prices today as it will be falling out of the rising chanel
• Daily pivot is 102.973 - should be a good area to place longs

Outlook Trade opportunity

As explained in my hourly bullet points, we are travelling in a upward chanel. therefore Long order is ideal. around the blue area shown on the graph 
#1 - Long at around Daily pivot is 102.973 - should be a good area to place longs

Take Profit partially at 50% retrace, then R1

Risk Level medium

Tips -

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

AUDJPY Daily Outlook for 17th December, 2013 (Tuesday)

AUDJPY Daily Outlook for 17th December, 2013 (Tuesday)

Daily Chart

• Desperately trying to hold support at these levels
• Still in a downward channel
• If current level breaks, next support will be 50% retrace of 91.110

Hourly Chart

• Down trendline / Falling Wedge been broken yesterday 
• Good opportunity to buy at current levels for a low risk high reward trade

Outlook Trade opportunity

On the hourly we identified that there was a falling wedge and it has been broken out of yesterday, At current levels it is good opportunity to have a low risk high reward trade
#1 Long order at around 91.960 and have multiple tp at pivot / fib levels

Risk Level Medium

Tips -

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

AUDUSD Daily Outlook for 17th Dec, 2013 (Tuesday)

AUDUSD Daily Outlook for 17th Dec, 2013 (Tuesday)

Daily Chart

"Buying pressure"

The Daily candle has showed some buying pressure and looks like it should test its resistance around the weekly pivot of 0.90131. 

Hourly Chart

Yesterday we had traded slightly higher than Friday, and found good rejection from the daily S1 Pivot area.

Outlook Trade opportunity

For Today, we will go for long for intraday trades from around the S1 area and Yesterdays S1. Please look at the hourly chart where i have illustrated in blue where the buying area is.

#1 Long at S1 / Yesterday S1 - take partial profit at todays Daily pivot and next target is Yesterdays High

Note -
#Pending short order since last Friday is still in play

Risk Level Medium

Tips -

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