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
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1 comment:

  1. Tee Man31 July 2013 at 21:18

    Trade triggered over night, started off pretty then swung completely the other way to get stopped out. First loss of the year :(

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