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.
Thursday, 31 October 2013
AUD/USD Analysis
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
Thursday, 17 October 2013
GBP/CHF Analysis
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
Tuesday, 8 October 2013
NZD/JPY Analysis
Tuesday, 1 October 2013
EUR/JPY Analysis
Wednesday, 25 September 2013
AUD/CAD Analysis
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
Thursday, 22 August 2013
EUR/USD Analysis
Bullish pinbar candle has formed on the daily timeframe.
Rejection of 21ema and 8ema.
13344 support held.
Trend is strong and still up
4 hour chart shows a strong bullish candle as well.
Moving averages still crossed over and diverging.
Order to go long on a 50% retrace of the daily pinbar candle
STOP: 13291
ENTRY: 13335
LIMIT: 13467
RISK/REWARD: Theres strong resistance ahead at 13392 which might cause a problem. But considering the strength of the euro today i'm going to take a risk here looking for it to break and hold. So i'm going for 3/1.
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