Ransquawk

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.


Pair AUDNZD struck upper range of Inside Bar formed on the basis of a Daily candle from 17Feb. The closest target is the resistance level 1.0745. There can occur rebound and pull back to the upper limit of the IB or deeper to 1.0685 and return to increases targeting next resistance level at 1.0775. This scenario is a continuation of situation described in this analysis

AUDNZD H4 – breakout from Inside Bar

 

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Since 2010, he has been actively involved in the Forex market up to now. He is a supporter of Price Action and using as few indicators as possible. He believes that the simplicity of the system and consistency in its application is the best way to success in financial markets, and lack of patience is the most frequent cause of failure. Interested in classical systems based on Technical Analysis and in psychology - mechanisms that guide human behavior and conditioning decision making in trading.