Wednesday, 19 October 2011

EUR/USD Analysis

Bearish price action signal on the daily timeframe.

Pinbar candle off support around 13876. With the overall bearish trend. 50% retrace off the 29th Aug high. Short order placed as per below:

STOP: 13873
ENTRY: 13796
LIMIT: 13603

Risk/Reward: 2.5/1

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