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, 2 August 2012
CHF/JPY Analysis
Bearish pinbar candle on daily
Rejection 21ema
Rejection 8059 level
Trend down
Moving averages crossed down
False break of previous 3 days inside bars
Order to go short:
STOP: 8062
ENTRY: 7979
LIMIT: 7813
RISK/REWARD: 2/1
stopped out
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