GBPJPY had a very strong rally recently, and it just finished 8ema correction and formed an inside day! I would very like to take this breakout long ! Let's see how it goes yo!
The market is bullish on both the daily and weekly time frame so I am looking to buy under these circumstances and found the below to be of importance to me: 1. Capped trend line broken 2. Double inside bar candle breakout I'm happy to jump in here with the 80 pip risk - the reward is set at 375 pips so it will be worth it should the market play out this...
BTCUSD has formed an inside week last week, and there are still some rooms for it to run before 0.618. To short the inside week breakdown will be my main focus this week, and if it broke to the upside, not too interested in taking the long though. Let's see how it goes yo!
AXP Had quite a huge bearish mazubozu on its earning day, and it recovered a lot yesterday to form an inside day. I would love to trade this inside day breakout as the market is near the all time high spot, which makes me remain bullish in the overall market, these inside day after earning trades will be my main focus recently. Let's see how it goes yo!
Happy Friday oil traders! On the 15 minute chart I see an Inside Bar formed with a positive next candle. Does this mean the price will continue to climb? I am taking a chance on a potential small gain. I entered in at $54.35. I would expect to see a gain somewhere between $54.85 and $55.00. SL set to $54. Let's see what happens and hopefully everyone will have a...
I shorted this Market due to the following reasons: Price is currently inside a Big Ascending Channel Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal. Other reasons why I shorted this market: - STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting) - Price broke below...
I want to share the LOG-scale trendline for $BTCUSD using Bitstamp data. There is an "internal trendline" that has been useful and it is found using the highs of the bars instead of the lows. Notice how the breakdown in late 2018 occurred right from a break of the yellow "internal trendline". Also note that the market flushed out and then RETURNED to the...
This is pretty much a must-take trade for me as even I trade the inside day directly, It's only a 20 pips risk trade. Kind of a textbook 0.618 and inside bar combination trade! Willing to take the breakout long, if it breaks to the downside, this trade will be cancelled. Let's see how it goes yo !
AUDUSD retrace to 618 level and inside bar just broke up (green dotted line) good to long now SL : 0.6764 TP : Follow arrow
GBPNZD reaches the previous high and now we see there is the resistance in this level. Combo with the 4H double inside bar so we are going to SELL once breakout downside. Be Patient and Relax! ---------------------------- Enjoy the trading itself and you will be much better at it! Thank you. This is TraderPig.
After testing the January 2017th bottom, GBPUSD price break out from the downtrend. Daily candle close with inside bar. At least, British Pound can be try 382 fibo level. Buy Stop : 1.23556 Stop Loss : 1.21743 Take Profit 1: 1.2583 Take Profit 2: 1.27747 This is not an investment advice. Investment is your own choice.
USOIL gaped high on Monday, here we got an inside hr that almost finished 8ema correction. Only want to do the breakout long! if it broke down 59.55 before making new high, this trade will be cancelled. Let 'see how it goes!
Looking for a break below the candlestick that is before the inside bar. There was a nice retrace to the 38.2 fib level and 20 MA. GLD bounced from those levels with 2 solid bear moves, and the volume was solid for both. If GLD breaks below the low of the 1st candle, I will enter short and possibly take a 2 target trade.
If you follow the stock market, and the big names in it, you will know that Shopify has been on a rampage. But, SHOP has recently pulled back into a zone that I think counts as solid support. In doing this it made an inside candlestick pattern yesterday. Inside patterns are tricky ... they can be continuation or reversals. However, this particular inside...
Bearish gold fits the narrative right now - the S&P wants to climb. Technically, GLD made an inside candle bar today. Inside bars can be bearish continuation patterns if the low of the previous candle (the "mother" candle) can be broken. Or, they can be bullish continuation if the high of the previous candle (the "mother" candle) can be broken. In this situation,...
2nd bounce from the historical low point 104.65. Upper resistance(106.68) fibo level 0.618 2011 low and 2015 high. Daily candle close forming inside bar. Price can pullback from here the 109.00 level. Buy stop : 106.706 Stop Loss : 105.433 TP1 : 107.833 TP2 : 108.733
Hello Traders, Welcome to an update on BTC recent developments, Inside Bars Broke! Points to consider, - Testing support line, potential HL - Price rejected from .618 Fibonacci zone - Overall volume spike - Bart pattern back into support line - EMA’s acting as resistance to price - Stochs in lower regions - RSI is in neutral territory - Bull impulses are...
Hello Traders! Another quick update on BTC Points to consider - Price bounced from support - Daily inside bars forming - Bulls broke EMA’s - Potential HL if price retraces from here - Volume climax candle on daily Bitcoin bulls have pushed price up successfully from local support right into local resistance. Price is currently forming INSIDE bars which...