Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Sunday, 4 December 2011
EUR/JPY Analysis
Bearish pinbar candle formed on the daily timeframe Trend = Down Bounce off support at 10470. 4hr chart also shows a rejection at horizontal level.
Perfect entry triggered at 38.2 retrace. Stop moved to b/e
ReplyDeleteLimit hit, 166pips profit
ReplyDelete