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, 29 January 2014
EUR/AUD Analysis
Bullish candle on the daily timeframe, Trend is up, previous resistance at 1.5553 is now support, moving averages still diverging, pinbar candle created within moving averages, AUD is weak on other charts too, weekly and monthly charts bullish. Order to go LONG as per below:
STOP: 15467
ENTRY: 15563
LIMIT: 15755
RISK/REWARD: 2/1
AUD/USD Analysis
Bearish pinbar candle on the daily timeframe, previous resistance 8825is not support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below:
STOP: 8830
ENTRY: 8762 (38.2 fib retrace on candle)
LIMIT: 8558
RISK/REWARD: 3/1
Wednesday, 22 January 2014
USD/CHF Analysis
Bearish pinbar candle on the daily timeframe. However, this is against the recent bullish trend. Strong support at 9155. Double top. Bearish pinbar candle on 4hr adds to short term bearish case. Order to go SHORT as per below:
STOP: 9161
ENTRY: 9120
LIMIT: 8997
RISK/REWARD: 3/1
Thursday, 16 January 2014
GOLD Analysis
Bullish pinbar candle on the daily timeframe, moving averages turned up, 3 pinbar candle have formed in this uptrend so far, 2 supports areas have held, pinbar candle formed on pullback. Order to go LONG as per below:
STOP: 1226
ENTRY: 1239.5
LIMIT: 1259
RISK/REWARD: 2/1
Sunday, 5 January 2014
CAD/JPY Analysis
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