USDJPY 1hr chart Bearish Bat pattern

USDJPY 1hr chart Bearish Bat pattern

• Took this trade, and will take partial profit at fib levels
• Took it because D1 chart also have bearish bat
• Took it because I believe market needs to retest the 103.50 area before heading higher

Lets see how this one works out.

Cheers

AUDJPY - 15min chart Another quick scalp with harmonics

Bearish Bat on 15min (AUDJPY)

Here i am bored, found another possible bat pattern, with a risk of only 8 to 10 pips to make at least 16pips + ill look at fib levels and take partial profit with my system.

Lets hope this is a good trade

Cheers

AUDJPY Daily Outlook for 19th December, 2013 (Thursday)

AUDJPY Daily Outlook for 19th December, 2013 (Thursday)

Daily Chart

• We had a a daily close above previous high, and around a supply and demand area, which will be tricky to know market direction
• If i were to use stochastics to backup my case for direction, it is oversold so i would be bias to the upside short term
• On top of that, it rejected the channel line which gives it another case

Hourly Chart

• We saw the market break out of the 91level and closed the day in the 92's, however during the early asian session while i am writing it is retesting the high 91's.
• If i look at stochastics indicator it is oversold, and if i look at RSI the current level is neutral or 
• At the current price on the chart, it is a good opportunity to go long as it is around the 61.8% retrace from the upward move from Tuesday to last night.
• I expect this pair to go higher short term to test the higher chanel line

Outlook Trade opportunity

Will take long at curreng price around 91.75 - Will TP at 38.2

% retrace

Risk Level Low

Tips -

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

EURUSD Daily Outlook for 19th December, 2013 (Thursday)

EURUSD Daily Outlook for 19th December, 2013 (Thursday)

Daily Chart

"We finally have a lower low"

I was more bias towards finding fresh new highs, however it has retest the highs, and made lower low  for the week.  Having had a lower low, and a bearish bat in play from the H4, there is enough momentum to go lower and test fib and support areas.

• Formed a lower low
• Retested the highs for the month
• closed and broke through support at 78.6

Hourly Chart

Outlook Trade opportunity

Hope market gives us a second chance and short at 1.37050 (38.2% retrace ) - note i target the 38.2 retrace because of the huge down momentum , if we go retrace more than that it will be a worry to show there is buying pressure and will reevaluate this trade

#1 - short at 38.2% retrace 1.37050 approx - and tp at yesterdays low or partial

Risk Level Low

Tips -

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

AUDUSD Daily Outlook for 19th December, 2013 (Thursday)

AUDUSD Daily Outlook for 19th December, 2013 (Thursday)

Daily Chart

• Price has closed at the 0.8855 which hs broken support - only slightly
• Because the aussie did not break the support with conviction, We would expect the market to retrace and retest the resistance before heading more south

Hourly Chart

• On the daily, the aussie closed at major support, but not managed to break it, 
• Stochastic is oversold with a small divergence 
• We broke through weekly pivot S1

Outlook Trade opportunity

We have a Weekly S1 (which is broken) and yesterdays low which is a major support area, - Because of this we are in a very tight range , i will not be trading this pair for now until market tells us what to do.

Risk Level- no trade

Tips -

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

USDJPY Daily Outlook for 19th December, 2013 (Thursday)

USDJPY Daily Outlook for 19th December, 2013 (Thursday)

Daily Chart

Wow, what a day we had!, Finally a clear break up and now trading in the 104's. 

Any retest of the previous resistance which now become support would be a good opportunity to ride it up a little further before a big downturn is expected.

• Currently RSI and stochastics are just under overbought condition. 
• Next resistance comes at 105.50 which is a long time 61.8% retrace level, 
• We have to take note a potential bearish butterfly is possible from the ranges up to around 105.50

Hourly Chart

• Huge break up to the 104 in the last trading hours of the day
• Stochastic and RSI are overbought
• In a channel
• Prices paused and retraced at the 127.20 fib extension
• Support is 103.90, any long opportunity could be entered around this area

Outlook Trade opportunity

If prices goes and retest the 103.90-104 - we will initiate longs
#Trade 1 - Buy at 103.90-104.0 - TP minimum 1:1 reward ratio

Risk Level - Medium

Tips -

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