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.
Tuesday, 13 November 2012
NZD/USD Analysis
Pinbar candle on daily timeframe, bearish
Rejection of 8 and 21ema
Candle developed on pullback
Moving Averages crossed down
Order as below:
STOP: 8207
ENTRY: 8178
LIMIT: 8120
RISK/REWARD: 2/1
Order triggered and nice breakdown. Limit hit.
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