Scalps for 29th Jan 2014 (USDCHF, EURAUD)

_____UPDATE***

Unfortunately both trades did not work which got filled pretty much few minutes after posting this.

Next trade - 

I have got another EURAUD trade but too late to post as market moved too fast for me to prepare the chart, but i took the trade, which covered losses of earlier trade

USDJPY Outlook and Trade setup 29th Jan, 2014- Midweek report

USDJPY Outlook and Trade setup 29th Jan, 2014- Midweek report

Daily Chart

• Reason why i am using the Ichikumo indicator is that the yen pairs do respect this indicators more than any other currency.
• As you can see on the daily, it has rejected the clouds , however the lines (you can say the moving average line) is acting as minor resistance for the meantime
• Although the clouds have been rejected, we cannot ignore the fact that it looks bearish, and i would like this to reach my first level of support on my chart and go long. (note second level of resis, might not be reached)

Hourly Chart

• On the hourly, if we get into my sell zone, i would be looking to do a 80% scalp and leave 20% trade and possibly ride into new lows (as mentioned in Daily Chart)

Outlook Trade opportunity

Please see hourly chart

Risk Level LOW

Tips -

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

EURUSD Outlook and Trade setup 29th Jan, 2014- Midweek report

EURUSD Outlook and Trade setup 29th Jan, 2014- Midweek report

Daily Chart

• Not much action for the first two days of the week as market anticipating moves after the Fed later today

4 Hourly Chart

• I have identified a potential Cypher Pattern similar to the AUDUSD setup.

Outlook Trade opportunity

Please see hourly chart

Risk Level LOW

Tips -

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

AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014

AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014

Daily Chart

• As predicted last Friday, we rejected from the confluence fib ext level of 161.8 and 127.2
• Upside is limited however with the major resistant, and if we break through, please be careful of a 'fake break'

Hourly Chart

• This is my forecast for this pair, and if it does get up to my sell zone, for those who look at patterns, i think its a potential Cypher pattern. - 
• 
  
• Next support bounce is also on chart

Outlook Trade opportunity

Please see H4 chart

Risk Level LOW

Tips -

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