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.
Bullish pinbar candle on the daily timeframe, With the upward trend, Moving Averages pointing up and still diverged, Weekly and Monthly charts still bullish looking towards a top in the high 100s. Order to go LONG as per below:
STOP: 97.63
ENTRY: 98.16
LIMIT: 100.28
RISK/REWARD: 4/1
Bearish Pinbar candle on the daily timeframe,
Weekly turned down too,
9529 support holds,
Moving averages close to crossing,
Other USD pairs showing bearish signs,
Order to go short as per below:
STOP: 9531
ENTRY: 9487
LIMIT: 9331
RISK/REWARD: 4.5/1
Bullish pinbar candle on the daily timeframe,
Previous resistance at 14512 now strong support after several rejections,
overall trend is up,
nice pinbar candles on the 4hr timeframe backup move up,
Near term resistance at 14584 could be a stumbling block but it doesnt look like a key level to me.
Order to go LONG as per below:
STOP: 14506
ENTRY: 14566
LIMIT: 14732
RISK/REWARD: 4/1
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
Bearish pinbar candle formed on pullback, on the daily timeframe,
Uptrend is turning down,
Swing point (11th sept high broken and tested today),
133.41 support held,
weekly timeframe turned down,
Order to go short as per below:
STOP: 13353
ENTRY: 13285
LIMIT: 13149
RISK/REWARD: 2/1
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
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