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.
Monday, 13 May 2013
USD/CAD Analysis
Bullish pinbar on the daily timeframe
Off the 10080 support area
Previous swing point broken and held
Weekly chart looking bullish
Trend has turned back up
STOP: 10075
ENTRY: 10107 on entry
LIMIT: 10267
RISK/REWARD: 5/1
Trade came off very nicely. Unable to monitor till the finish so have taken profits early at around 140 pips.
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