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.
Monday, 28 May 2012
EUR/USD Analysis
Bearish candle formed on the daily timeframe
Off 12626 support
Moving Averages still pointing down and diverged
No clear resistance below until 11800's
Order to short on break of low
STOP: 12603
ENTRY: 12503
LIMIT: 12003
RISK/REWARD: 5/1
EUR/JPY Analysis
The euro continues to slide and there have been opportunities to get on the ride down. The current one is a inside bar formation on the daily timeframe. It is currently with a very strong trend, moving averages are pointing down and diverged. Enter to go short as per below:
STOP: 9979
ENTRY: 9936
LIMIT: 9736
RISK/REWARD: 5/1
Thursday, 3 May 2012
GBP/JPY Analysis
Order to go short on break of mother bar candle low:
- Bearish candle on daily timeframe
- Inside bars, both bearish
- Rejection off 130.61 level
- Moving averages pointing down
STOP: 13026
ENTRY: 12934
LIMIT: 12750
RISK/REWARD: 2/1
Wednesday, 2 May 2012
USD/CAD Analysis
Bearish candle on daily
Rejection of 21ema and 8ema
Trend down
Moving averages still down
4hr chart shows rejection of 9892 area
Order to go short on a 50% retrace of daily candle:
STOP: 9907
ENTRY: 9874
LIMIT: 9775
RISK/REWARD: 3/1
Subscribe to:
Posts (Atom)