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, 6 June 2012
GBP/CHF Analysis
Large bearish candle on daily
- Trend down
- Moving averages pointing down and crossed over
- Support held
Order to short on 50% retrace of candle:
STOP: 14918
ENTRY: 14843
LIMIT: 14656
RISK/REWARD: 3/1
Order triggered today
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