EUR/JPY 30 Nov 2012 - 4HR Chart

Elliot wave count - From the 4hr chart above it seems that wave 2 completed its formation. Wave 3 has started forming and I would recommend only long/buy positions for this week and next week. Our first target should be at around 108.00 - 108.10 region. You can place your stop loss at around 106.40 for now.

The breaking of the diagonal line will also invalidate this trade, thus you can close your long positions when this line is broken.

EUR/USD 28 Nov 2012 - 1HR Chart

Elliot wave count - Wave 4 is almost over...wave 5 should take us to around 1.3020 region

Prices have entered our buy region. Open long positions with the Target at 1.3020.

This trade should have got you a +130 pips profit

EUR/USD 27 Nov 2012 - 1HR Chart

 

Wave 5 has certainly formed and we should expect an ABC correction for the rest of the week.

EUR/USD has just confirmed its bearish tendancy for this week. I recommend opening sell position only at the peaks, preferably at around 1.2975 stop loss at 1.3010 and first target (TP) at 1.2905 - 1.2885 region.

If you followed my trade recommendation from this post, then you should have got 60-80pips profit

EUR/USD – 26/11/2012 – 30/11/2012 Daily Chart

Looking at the daily charts I am expecting a slight reversal towards 1.2900 – 1.2870 region before a commencement of the uptrend.

A less risky strategy would be to wait for a reversal to this region (1.2900 – 1.2870), then start buying with the target at 1.3290 area.

Prices did enter our buy region and continued the uptrend

EUR/NZD 26/11/2012 – 30/11/2012 Daily Chart

Sell at the current price (1.5744). Look for short opportunities throughout the week with 1.5445 as the target.