Nice bullish candle off support on the daily timeframe
Rejection of 21ema
Trend Up
3rd bounce off support which was previous resistance
Order to go long on APRIL contract as per below:
STOP: 12960
ENTRY: 13042
LIMIT: 13206
RISK/REWARD: 2/1
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.
Thursday, 29 March 2012
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Thursday, 22 March 2012
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Monday, 19 March 2012
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Thursday, 8 March 2012
AUD/CAD Analysis
Bearish candle on the daily timeframe. Trend turned down, Moving averages pointing down. Rejection off 8ema. Weekly timeframe also rotating down. Order to short on a 50% retrace of candle. Only risk is potential resistance at around 10456 area but hope to have stop to b/e by then
STOP: 10618
ENTRY: 10564
LIMIT: 10402
RISK/REWARD: 3/1
STOP: 10618
ENTRY: 10564
LIMIT: 10402
RISK/REWARD: 3/1
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