GBP/CHF Bullish 4hr pinbar

GBP/CHF has formed a bullish pin-bar on the 4hr chart.


This is not a recommendation to trade!!! If you are trading use a demo account or know your risk!

AUD/USD Daily Candles

Hi All

The two candles previous to the one currently forming are showing some strong bullish action. Two candles back the daily candle formed a piercing pattern closing well up into the previous candle.Yesterday's candle is also bullish, with the close up over 50% of the days midpoint.

An added bonus to this pair for longer term bullish traders is the positive buy swap. This means that you get paid the interest differential on trades you hold overnite.

This is not a recommendation to trade! If you are trading use a demo account or know your risk.

EURJPY 1hr pinbar

There is a nice looking 1hr pinbar on EJ.

This is not a recommendation to trade. If you do so use a demo account or know your risk.

AUD/JPY Signal Update. . .

Its been awhile since my last post because of two reasons, first my work kept me very busy for the last two weeks or so and secondly I haven't really seen anything that is noteworthy to me. However, careful analysis of the Jan 11 candle does show a foreshadow to the substantial move to the downside on the 12th. Note how the Jan 11 candle opened above the close of the previous day and then closed down into the real body of the previous candle. That may be referred to as a 'dark cloud cover' candle formation and is a bearish signal. That would have been a good time to close any long you may have been in and go short OR at least tighten your stop if you were still long.

A look at AUDJPY shows that the last long signal moved over 600pips. That was a nice move and this pair amongst many others seem to be at crucial levels of support or resistance.

This is not a recommendation to trade. If you do so it is at your own risk.