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, 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
Stopped out at b/e
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