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.
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.