Daily FX 13th May TechAnalysis

Price Action Index Page

Part (0) - Pin Bar Method Forex – Introduction, Definition

Part (I) - 3 core Price Action Setups: Pin Bar, Fakey, Inside Bar

Part (II) - LIVE CASE Study

Part (III) - Video Live Forex Pin Bar Trade Setups

Part (IV) - More Video on Pin Bar Strategy

Part (V) - Trading Pin Bars in Forex with Support and Resistance Confirmation

Trade Idea 22 Oct 2010

My Target Currency Pair #2 For Oct 2010

A ascending Triangle has formed at the most recent daily AUD/CAD chart.

China Export business is growing with it artifically very under-valued yuan, and

Australia economy is strongly back up by China as a strong supplier ,

and this made Australia Currency has more room for growth .

The Canada on the other hand are current avid trading partner with the

down-moving USA. As such the Canada economy rally in phase with the

constantly weakening USA, thus the CAD dollar are weakening.

Three evidence (1 Technical Analysis with 2 Economic factors) has strongly support

and tell us the Currency Pair is going to Break thru the Triangle barrier with

Resistance level at around 1.01194, and it is going to Rally further upward for another Big UpTrend movement.

Aust Interest Rate at 4.5%. CaD interest Rate 1.0%. We can anticipated to

pocket a net captical gain of 3.5% if we go LONG for this pair at this moment,

in probably in a month or more..

My Target Currency Pair #1 For Oct/Nov 2010

The Australian dollar has recently marked a new historical high over the US dollar. And from the looks of it, it seems that the AUDUSD pair has still a lot of legs left to move higher.

In its 8-hour chart, the pair has been trading on a well defined uptrend for quite some time now.

The 8 hour Chart (dated 23 Oct 2010) apparently shown that the pair has completed its Elliot 5Wave phase which started from ending of August 2010 all the way to Mid Oct 2010.

And Now it is undergo the ABCD correction.

The Phase A & B of ABCD correction seems to emerge. Now its waiting for completion of the remaining Correction Phase.

A Zoom on of the Correction Phase is shown below.

The correction is expecting to complete near end of Oct 2010.

Or may extend to early of Nov 2010, if the Correction turn out

to be a complex Correction.....

Get Ready your ARMS and ready to Fired when the Next

E-Wave begin around this Period.

Expected to have a Big PIP Gains of possibly more than

1000 pips for the Next Wave, that can possibly last to

as long as another 1.5 to 2 months, (estimated)...

This Blog is created to constantly update myself
about basic Strategy to use to investing in the Spot Future Market

As well as to constantly remind me of possible Trading Idea/Opportunity

being recommended by Forex Expert.

Email me