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.
Tuesday, 8 October 2013
NZD/JPY Analysis
Bearish pinbar candle formed on daily timeframe,
Previous swing point broken,
Trend turning down,
Moving averages crossing down,
Order to go short as per below:
STOP: 8101
ENTRY: 8048
LIMIT: 7942
RISK/REWARD: 2/1
Was stopped out of the trade by what it looks like the spread
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