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.
Tuesday, 24 April 2012
GBP/JPY Analysis
Bullish formation on the daily timeframe
Inside bars
Pin bar candle
Rejection off 8ema
With trend
All JPY pairs looking weak
Will enter on break of mother bar candle
STOP: 13077
ENTRY: 13176
LIMIT: 13326
RISK/REWARD: 1.5/1
Stopped out, inside bars failed
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