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
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2 comments:

  1. Tee Man15 July 2013 at 20:49

    Entered trade overnight. Survived the large drop today by 2 pips! So still in the trade and today looks like another bullish pinbar candle

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  2. Tee Man16 July 2013 at 19:36

    Closed the trade at 13153 for 104 pips

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