Goddison's Forecasts
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  1. #1
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    Goddison's Forecasts

    Welcome to My Forecast
    You can follow my account here
    A/C Number: 1566482
    Investor: X62f3a

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    eurjpy forecast

    Instrument EURJPY
    Order Type Sell Stop
    Open Price 134.45
    Take Profit 133.50
    Stop Loss 135.03
    Chart 1H EURJPY
    Indicators: Inchimoku kinko hyo and RSI (14)
    Market Analysis
    From the chart attached below the cross EURJPY has clearly reached overbought position. The trend is bullish. However there is a possibility that the cross will retrace lower to find buyers who will then push the price higher. For now the price action is showing signs of exhaustion. A close below the 70 percent of the 14 period RSI will signal a pullback. Stops will be very tight and will be placed in the previous high of 134.93. The risk reward for this trade is 2:1. take profit will be placed at 133.50 where the kinjun-sen line is expected to provide support.
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    Instrument: EUR/JPY
    Type of Pending order: Buy stop
    Entry price: 133.30
    Stop Loss: 133.00
    Take Profit: 134.50
    Chart Period: 1H
    Market situation: Uptending Market (Bullish)
    Method of Analaysis: Technical Analysis
    Indicators: RSI and Stoch.
    Strategy: Buy pullback of overall trend
    Details
    EURJPY is in a strong bullish trend. The RSI(14) and Stoch(5,3,3) is oversold in hourly chart studies as shown in the attached chart. The bullish trend in my opinion will continue so this is a time to buy the pullback. The RSI rising above 30 will confirm the setup. Take profit is set at 134.50 sept 23 high, stop loss is placed at 133.30 . The risk reward ratio of the trade setup is 1:4.
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    Instrument: EUR/JPY
    Type of Pending order: Sell Limit
    Entry price: 133.30
    Stop Loss: 133.60
    Take Profit: 132.50
    Chart Period: 1H
    Market situation: Consolidating Market (Weakening trend)
    Method of Analaysis: Technical Analysis
    Indicators: Ichimoku kinko hyo .
    Strategy: Sell
    Details
    The price is below the ichimoku cloud, the chinkou span is below the price. This is a bearish signal. sell is placed at 133.30 where the kinjun line is expected to provide resistance and the price will continue to fall.
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    Instrument: EUR/JPY
    Type of Pending order: Sell Limit
    Entry price: 133.85
    Stop Loss: 134.10
    Take Profit: 133.00
    Chart Period: 1H
    Market situation: Consolidating Market (Weakening trend)
    Method of Analaysis: Technical Analysis
    Indicators: Boliger Band, RSI and Stoch
    Strategy: Sell
    Details
    The price action shows signs that the trend is weakening at least in the short term. The price is set for a downward correction before a move upward. The bolinger band shows a downward channel forming. The price in my opinion will test the lower band before attemting to break higher. The RSI and Stoch shows the price is nearing overbought condition. the big figure 133.00 may form support in case of a correction lower.
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    Instrument: EUR/JPY
    Type of Pending order: Buy Limit
    Entry price: 132.20
    Stop Loss: 132.00
    Take Profit: 133.20
    Chart Period: 1H
    Market situation: Uptending Market (Bullish)
    Method of Analaysis: Technical Analysis
    Indicators: Fibonacci.
    Strategy: Buy pullback of overall trend (Fibonnacci Retracement)
    Details
    EURJPY is in a strong bullish trend. The hourly chart studies as shows that eurjpy is a bullish trend. The bullish trend in my opinion will continue so this is a time to buy the pullback. The Fibonacci retracement from 131.40 to 133.20 shows that price may find support at 61.8% retracement of the run. Take profit is set at 133.20 high, stop loss is placed at 132.00 . The risk reward ratio of the trade setup is 1:5.
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    GBPJPY ANALYSIS

    Instrument GBPJPY
    Order Type Buy Stop
    Open Price 156.00
    Take Profit 158.50
    Stop Loss 155.50
    Chart 1D GBPJPY
    Indicators: Inchimoku kinko hyo
    Analysis: Technical Analysis
    From the chart attached below the cross GBPJPY is bullish. The price is the cloud, the senkou span a line has crossed over the senkou span b, the chinkou span is above the price. The price is above the kijun sen line. These are bullish signal. The price is expected to find support at the kijun sen line where the price is expected to resume its bullish trend. Stops will be very tight and will be placed at 155.50. The risk reward for this trade is 1:4. take profit will be placed at 158.0 where the tenkan-sen line is expected to offer some resistance.
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    Instrument: EUR/JPY
    Type of Pending order: Buy stop
    Entry price: 131.70
    Stop Loss: 131.25
    Take Profit: 132.22
    Chart Period: 4H
    Market situation: RANGING
    Method of Analaysis: Technical Analysis ( Pivot Point Trading)
    Indicators: Standard Pivot Point (Daily)
    Strategy: Buy at S1 (131.70) and sell at Pivot (133.22)
    Details
    The chart shows the daily pivot as shown below
    Pivot Points
    Classic
    S3 130.74
    S2 131.26
    S1 131.70
    Pivot 132.22
    R1 132.66
    R2 133.18
    R3 133.62
    Data updated on 10/4/2013
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    Instrument GBPUSD
    Order Type Sell Stop
    Open Price 1.6100
    Take Profit 1.6000
    Stop Loss 1.6150
    Chart 1H GBPUSD
    Indicators: MACD & Bolinger band
    Analysis: Technical Analysis
    MACD has crossed under the signal line, the price is testing the upper band. The pair is bearish, it may find solid support at 1.6000.
    Market Condition: Bearish
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  10. #10
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    here you show your forecast for us information so is very best for me because i am here new and get a best information and knowledge of Forex trading your chart is best information send me and now i am use to that technique in my demo account well here other many member send best post and doing good work.

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