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