3 Little Pigs Trading Strategy - 2013-01-27 538x218

3 Little Pigs Trading Strategy Weekly Report – 27-Jan-13

Pick Of The Week

EURJPY – After some “chop” last week and this week too where I personally had 5 losers in a row I am glad to see that EURJPY has started to show signs of trending again.

Since entry on 24th January around 119.35 EURJPY is currently trading about 300+ PIPs in my favour…

3 Little Pigs Trading Strategy - 2013-01-27 - EURJPY 4 Hour Chart

THIS WEEKS ANALYSIS

[one_half]

Long and Medium Term Trends Are UP – Need Retracement

(EURGBP, EURJPY, EURUSD, USDCAD, 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

(GBPUSD)

[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

(None)

[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

(AUDUSD)

[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

(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.