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, 13 September 2012
CHF/JPY Analysis
Pinbar candle formed on daily timeframe
Off 8231 support
Off 8 and 21ema
With trend
Moving averages pointing up
Swing points not broken
Order to go long:
STOP: 8198
ENTRY: 8268 (38.2 retrace of daily candle and at 8ema)
LIMIT: 8408
RISK/REWARD: 2/1
Didn't retrace enough, boat has left
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