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
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
