Trading Inside Bars –under this heading you will find analysis made on basis of one of the most known Price Action formation – Inside Bar. Statistics show that best results gives breakout from Inside Bar formation on Daily chart, so mainly this time frame charts will be analysed.
NZDUSD 13/02/17
The pair struck the bottom of the Inside Bar (created by mother candle on 03.02) and started to fall. On Tuesday (07.02.17) we had a typical false breakout from mentioned IB . I bet on further declines after an optional pullback to the lower level of IB. There, I will put a pending Sell order. What additionally encourages me to this bearish scenario is MACD signalling declines in next few days.
