Thursday, 22 August 2013

EUR/USD Analysis

Bullish pinbar candle has formed on the daily timeframe. Rejection of 21ema and 8ema. 13344 support held. Trend is strong and still up 4 hour chart shows a strong bullish candle as well. Moving averages still crossed over and diverging. Order to go long on a 50% retrace of the daily pinbar candle STOP: 13291 ENTRY: 13335 LIMIT: 13467 RISK/REWARD: Theres strong resistance ahead at 13392 which might cause a problem. But considering the strength of the euro today i'm going to take a risk here looking for it to break and hold. So i'm going for 3/1.
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2 comments:

  1. Tee Man23 August 2013 at 22:57

    Trade entered after order triggered by a pip! Going well so far.

    ReplyDelete
  2. Tee Man29 August 2013 at 21:10

    Was stopped out of this one in the morning. Just could get past the 13400 barrier.

    ReplyDelete

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