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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Order has been triggered with a nice rise today
ReplyDeleteStop moved to b/e
ReplyDeleteLimit hit after the Fed taper news broke. 161 pip profit.
ReplyDelete