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