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
cancelled order earlier due to false break up
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