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, 19 September 2012
AUD/USD Analysis
2 bullish candles formed on daily timeframe
Off 21ema
10446 support holding
Trend up
Moving averages still crossed up
STOP: 10411
ENTRY: 10465 - 38.2 retrace
LIMIT: 10600
RISK/REWARD: 2.5/1
stopped out
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