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, 26 September 2012
EUR/CAD Analysis
Bullish pinbar on daily timeframe
Rejection of 8ema
Moving Averages still diverged and pointing up
Trend still up
Pinbar candle on pullback
Order as per below:
STOP: 12601
ENTRY: 12655 (38.2 retrace)
LIMIT: 12790
RISK/REWARD: 2.5/1
Stopped out, annoyed it turned right back up on my stop though. Mixed candle today
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