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.
Wednesday, 25 September 2013
AUD/CAD Analysis
Pinbar candle created on daily timeframe,
candle created inbetween 8 and 21ema,
Higher-lower movement,
Trend up,
9643 support holding,
pinbar on 4hr timeframe adds to bullish case,
weekly trend up,
50% retrace of 12th sept low
ORDER TO GO LONG:
STOP: 9621
ENTRY: 9652
LIMIT: 9776
RISK/REWARD: 4/1
Tuesday, 10 September 2013
EUR/USD Analysis
1)Bullish pinbar candle on the daily timeframe
2)Swing point of downward move broken
3)Trend back up, backed up by bullish weekly candle for last week
4)Rejection of 13230 support
5)50% retrace from 20th Aug high to 9th July low
Order to go long on 50% retrace:
STOP: 13223
ENTRY: 13252
LIMIT: 13413
RISK/REWARD: 7/1
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