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, 24 October 2012
EUR/CAD Analysis
Large pinbar candle on the daily timeframe
Rejection of 8ema
Rejection of strong 12801 area
Trend up
Trading range broken
Moving averages still crossed and pointing up
Order to go long:
STOP: 12796
ENTRY: 12851
LIMIT: 12988
RISK/REWARD: 2.5/1
Thursday, 11 October 2012
EUR/AUD Analysis
Nice pinbar candle developed ont he daily timeframe
off 21ema
off 12527 support
Trend is up
swing points in tact
order to go long as per below:
STOP: 12499
ENTRY: 12554
LIMIT: 12774
RISK/REWARD: 4/1
Wednesday, 10 October 2012
GBP/JPY Analysis
Inside bar setup below previous support which is now resistance
Trend now down
Moving averages crossed down
Looking to enter after break of mother bar candle
Order to short:
STOP: 12547 (61.8 of mother candle)
ENTRY: 12486
LIMIT: 12368
RISK/REWARD: 2/1
NZD/USD Analysis
Bearish pinbar candles have been developing the past few days. Best one was yesterday but missed it. Looking to enter on a retrace if it happens
- Trend turned down
- Bearish pinbar candles
- Moving averages crossed down
- Rejection off 8178 area
Order to go short:
STOP: 8242
ENTRY: 8186
LIMIT: 8077
RISK/REWARD: 2/1
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