- Bullish candle on daily timeframe
- With the uptrend
- Bounce of 8ema
- Bounce off 7877 support which was previous resistance
- Nice large candle on 4hr chart.
Order to go long as per below:
STOP: 7857
ENTRY: 7907
LIMIT: 8107
RISK/REWARD: 4/1
Sunday, 15 January 2012
NZD/USD Analysis
First trade of the year planned, had to wait for a decent signal (patience is everything!)
- Bullish candle on daily timeframe
- With the uptrend
- Bounce of 8ema
- Bounce off 7877 support which was previous resistance
- Nice large candle on 4hr chart.
Order to go long as per below:
STOP: 7857
ENTRY: 7907
LIMIT: 8107
RISK/REWARD: 4/1
- Bullish candle on daily timeframe
- With the uptrend
- Bounce of 8ema
- Bounce off 7877 support which was previous resistance
- Nice large candle on 4hr chart.
Order to go long as per below:
STOP: 7857
ENTRY: 7907
LIMIT: 8107
RISK/REWARD: 4/1
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Missed the boat, missed my order by 7 pips, order cancelled. The pair has broken into the 8000s and moving up nicely
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