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, 6 March 2013
NZD/USD Analysis
- Bearish pinbar candle formed on the daily timeframe
- Rejection of 21ema
- Moving averages diverging down
- Rejection of 8318 support
- With the trend
Order to short on pullback:
STOP: 8353
ENTRY: 8297
LIMIT: 8185
RISK/REWARD: 2/1
This trade triggered and got to 2 pips of my limit. Closed out for 101 pips profit
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