the5erstrading

A Bearish Outside Bar Candlestick In 1D Chart On EURUSD

FX:EURUSD   Euro / U.S. Dollar
On the 1D chart, the previous day’s candle has ended as an outside bar candlestick pattern, which is a reversal pattern.

We can see how this candle was engulfed the day before. The height of the outside bar was higher than the height of the previous day. and the low of the outside

Bar was lower than the previous day’s low. Since it’s a bearish outside bar, we should look for a sell position.

In the 15M chart, there is a great supply above which is also the top of the outside bar candlestick . If the price retraces toward the supply – it will be a great opportunity for sell position.

The first target for this position will be the support below at 1.1130 zones, and the final target will be at 1.0750 zones.
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Great setup following you now! About to post a trade aswell, have a look on my profile and let me know about it buddy :)
Reply
Great setup following you now! About to post a trade aswell, have a look on my profile and let me know about it buddy :)
Reply
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