Daily Candle's To note for Monday 7th April, 2014

USDCHF Shooting Star (4)
EURUSD Bullish Hammer (2)
EURGBP Bullish Hammer (2)
GBPCHF Shooting Star (4)
CADJPY Shooting Star (4)
AUDJPY Shooting Star (4)
EURCHF Shooting Star (4)
AUDUSD Bullish Engulfing Pattern

Outlook Trade opportunity

EURGBP Possible Cypher Setup On the Daily Chart 18th March, 2014

Daily Chart

• The completion of this pattern is at the 78.6 which is also an area which has been respected as an S/R - This makes a higher probability if this trade was to take place

Outlook Trade opportunity

Risk Level Low

Tips -

EURGBP Trade Setup for 28th January, 2014

We have economic data for GBP later today so if outcome is neutral or slightly positive, we will take the first counter trend

If data is good, we will then take the second counter trend trade.

Risk Level HIGH

Tips -

EURGBP forecast Analysis and Trade Setup 23rd Jan, 2014

Daily Chart

• We have broke major Support with a big Bearish day candle yesterday
• Clearly still in a downtrend
• Currently found expected support at the 127.2 extension / 161.8 extension
• We expect further push down slightly before a counter trend trade where a stronger support at the confluence levels of (as highlighted in blue box)
• Monthly PIVOT S2 
• 61.8% retrace from a big uptrend on a daily
• 200 fib ext of the most recent reverse retrace of the down trend (sorry i don't know the correct word for this)
• 141.4% fib ext of oct 29 to dec 02 down swing (fib level not shown on graph)
• 161.8 fib ext (old level, which was previous s/r

4hr Chart

• Clear down trend
• The 4 hour chart is a zoomed in scenario of my trade setup where we can identify smaller swings and calculate more accurately the fib ext levels for entry.

Hourly Chart

• Clear Down Trend
• On the hourly chart we are looking for a retrace of our broken support which now is resistance
• We can enter at the 161.8 fib ext and have stops above 200 fib ext - this is a trend trade

Outlook Trade opportunity

Risk Level LOW

Tips -