3 Little Pigs Trading Strategy Weekly Report – 20-Jan-13

Trade Of The Week – EURJPY

EURJPY was the star of the show last week when the trade from 9th January closed out on 16th January – There was potential for 200 PIPs or so there.

EURJPY was then quite volatile for 48 hours or so until confirming the UPTREND again on Thursday providing the potential for a push even higher.

3 Little Pigs Trading Strategy - 2013-01-20 - EURJPY 4 Hour Chart

THIS WEEKS ANALYSIS

[one_half]

Long and Medium Term Trends Are UP – Need Retracement

(EURGBP, EURJPY, USDJPY)

[frame style=”modern” image_path=”http://stacjaforex.com/wp-content/uploads/1-long-medium-up-need-retracement-275-145.png” link_to_page=”” target=”” description=”” size=”three_col_small”]Both the Long and Medium term trends are UP. With price currently trading above the Green SMA(34) on the 4 Hour chart a retracement is required before looking for potential trades.

[/one_half]

[one_half_last]

Long and Medium Term Trends Are DOWN – Need Retracement

(None)

[frame style=”modern” image_path=”https://forexuseful.com/wp-content/uploads/2-long-medium-down-need-retracement-275-145.png” link_to_page=”” target=”” description=”” size=”three_col_small”]Both the Long and Medium term trends are DOWN. With price currently trading below the Green SMA(34) on the 4 Hour chart a retracement is required before looking for potential trades.

[/one_half_last]

[one_half]

Long and Medium Term Trends Are UP – Need Confirmation

(AUDUSD, EURUSD)

[frame style=”modern” image_path=”https://forexuseful.com/wp-content/uploads/3-long-medium-up-need-confirmation-275-145.png” link_to_page=”” target=”” description=”” size=”three_col_small”]Both the Long and Medium term trends are UP. With price currently trading below the Green SMA(34) on the 4 Hour chart a new confirmation could be due soon.

[/one_half]

[one_half_last]

Long and Medium Term Trends Are DOWN – Need Confirmation

(None)

[frame style=”modern” image_path=”https://forexuseful.com/wp-content/uploads/4-long-medium-down-need-confirmation-275-145.png” link_to_page=”” target=”” description=”” size=”three_col_small”]Both the Long and Medium term trends are DOWN. With price currently trading above the Green SMA(34) on the 4 Hour chart a new confirmation could be due soon.

[/one_half_last]

[one_half]

Long Term Trend Is UP And Medium Term Trend Is DOWN

(GBPUSD)

[frame style=”modern” image_path=”https://forexuseful.com/wp-content/uploads/5-long-up-medium-down-275-145.png” link_to_page=”” target=”” description=”” size=”three_col_small”]The Long term trend is UP and the Medium term trend is DOWN – No potential trades at the moment.

[/one_half]

[one_half_last]

Long Term Trend Is DOWN And Medium Term Trend Is UP

(USDCAD, USDCHF)

[frame style=”modern” image_path=”https://forexuseful.com/wp-content/uploads/6-long-down-medium-up-275-145.png” link_to_page=”” target=”” description=”” size=”three_col_small”]The Long term trend is DOWN and the Medium term trend is UP – No potential trades at the moment.

[/one_half_last]

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DISCLAIMER & COPYRIGHT

This report is based on my analysis on my charting package. It may differ to yours as it can be affected by time, market movements, charting packages and broker prices. I accept no liability for loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on any information in this report or analysis.