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.


AUDUSD

AUDUSD is in a strong bullish trend from the beginning of the year. Last two daily candles set a Inside Bar formation (red box).  We can expect a bullish breakout from the IB due to the lasting trend.

As shown on attached Daily chart, before a breakout  possible is a pullback in area shown with green line. If such situation occurs- we should “hunt” for a Price Action Buy signal on lower time frame ( 15M-H4). Such a signal can be for example a candle with long lower wick. I would be cautious if price falls significantly lower than the said green line and would restrain from going Long expecting price to re-test the lower limit of IB.

AUDUSD 04.02.17- Inside Bar
AUDUSD 04.02.17- Inside Bar

Here you can check our analysis which gave over 250 pips

Dargo,04.02.2017 ,15:30

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