Thursday, January 30, 2014

USDJPY Trade setup 30th Jan, 2014

USDJPY Trade setup 30th Jan, 2014

Sell zone is approaching.

Will be shorting there with partial take profits when I have 1:1 - 1:1.5 then leave small portion to ride down to my anticipated level

Tips -

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



EURAUD Outlook and Trade Setup - 30th Jan, 2014

EURAUD Outlook and Trade Setup - 30th Jan, 2014


Daily Chart


  • We have divergence in stochastic 
  • Perhaps one more drive up to new highs - maybe at my fib 161.8 ext level


Hourly Chart

  • Double bottomed from major support on Monday and Tuesday, and also near the 61.8% fib retrace
  • We have a short trade as shown on chart for a scalp from a fib ext and fib retrace level
  • Our bias is we should have new highs


Outlook Trade opportunity

Current setup is already been filled, no further setup is spotted at this stage

Risk Level __


Tips -

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



GBPJPY Outlook and Trade Setup for 30th Jan, 2014

GBPJPY Outlook and Trade Setup for 30th Jan, 2014


Daily Chart

  • Our bias remains the same as analysis from Monday
  • Will be interested to get long when reached support buy zones


Hourly Chart


  • We saw rejection from the 61.8% fib retrace, which also was my scalp short entry on my monday's analysis.  I know many traders who have got in short there as a classic setup of a fib 61.8.
  • After three days of data since Monday's analysis, I have been able to setup our next counter trade zones.  This is more like a scalp rather than a long term trade.  However this could be the area where it will go higher, so, keep a very small portion on if you see the same 

Outlook Trade opportunity

Please see Hourly chart for Long trade

Risk Level Low


Tips -

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