STOP: 8520
ENTRY: 8373 - roughly 50% retrace of the pin bar
LIMIT: 7932
the potential reward here is huge hence the bigger stop
RISK/REWARD 3/1
Thursday, 4 August 2011
AUD/JPY Analysis
The JPY pairs produced some nice looking pinbars on the daily timeframe. The aud/jpy pair has a big one and is now under previous resistance. there have also been 3 bounces off 21ema and the moving averages looks bearish and pointing down. Short order placed as per below
STOP: 8520
ENTRY: 8373 - roughly 50% retrace of the pin bar
LIMIT: 7932
the potential reward here is huge hence the bigger stop
RISK/REWARD 3/1
STOP: 8520
ENTRY: 8373 - roughly 50% retrace of the pin bar
LIMIT: 7932
the potential reward here is huge hence the bigger stop
RISK/REWARD 3/1
Subscribe to:
Post Comments (Atom)
order cancelled, got no where near. will re-evaluate over the weekend
ReplyDelete