Ransquawk

TIBszarinrTrading 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.

NZDUSD Daily- False breakout from Inside Bar suggest declines in next few days.
NZDUSD Daily- False breakout from Inside Bar suggest declines in next few days.

 

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