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.
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
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