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, 7 November 2012
GBP/JPY Analysis
Pinbar on daily timeframe
With trend
Moving averages still crossed higher
Bounce off 12809 horizontal support
Rejection of 21 ema
Weekly/montly charts bullish
Order to go long on pullback
STOP: 12777
ENTRY: 12827
LIMIT: 13027
RISK/REWARD: 4/1
Stopped out, setup seemed ok, election news played a factor
ReplyDelete