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, 30 July 2013
EUR/JPY Analysis
- Bearish Pinbar candle formed on the Daily timeframe.
- Off 13056ish support which has been a good event area in the past (see blue circles on chart).
- Swing point broken.
- Inside bar formation
- Trend down, confirmed on 1 and 4 hour.
- Moving averages turned down though not crossed yet.
Order to go SHORT on 50% retrace of the daily candle
STOP: 13056
ENTRY: 13012
LIMIT: 12858
RISK/REWARD: 3.5/1
Sunday, 14 July 2013
EUR/USD Analysis
Slightly risker trade on the daily timeframe
- Bullish type pinbar candle on the Daily timeframe
- Swing point broken
- Coming towards top of the trading range but not thre yet
- 12977 support area has been an even area in the past and rejected this area on Friday
- Short term trend is up
- Moving averages have turned up
Order to go LONG
STOP: 12992
ENTRY: 13049 - 50% retrace
LIMIT: 13163
RISK/REWARD: 2/1
Thursday, 11 July 2013
CAD/JPY Analysis
Having another go at this after the bullish pinbar candle that developed on the daily timeframe today.
Trend is still up
Rejected the same area as the 2/3 July pinbars
Todays pinbar formed in between 8 and 21 ema
Couple of nice pinbars on the 4hr timeframe
Daily pinbar created on a pullback.
Order to go long:
STOP: 9438
ENTRY: 9512
LIMIT: 9660
RISK/REWARD: 2/1
Wednesday, 3 July 2013
CAD/JPY Analysis
Pinbar candle on the daily timeframe
94.18 level acting as a good support level and has previously been resistance too
Trend has turned up, moving averages close to turning up.
Previous swing point broken and held today
Order to go long on a 50% retrace of the pinbar candle
STOP: 9412
ENTRY: 9488
LIMIT: 9663
RISK/REWARD: 2.5/1
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