Kinda a no-brainer for me----> Only want to take the long. If it breaks to the downside before breaking to the upside, this trade doesn't exist anymore. Let's see how it goes!
If Insider bar cuts the previous mother bar Low Value ........ Go Short :)
1D timeflame inside bar identified. When price breaks out on either side of the inside bar. profit targets 1:2 reward to risk ratio. happy trading
NFLX has an inside day after earnings, the direction it breaks will be very important! It has a big pullback on its earning day but recovered much also, both breakout will be a noticeable day trade! Let's see how it goes!
take short and continue my harmonic analysis on EUR/JPY
ETHUSD update: Price has tested the 423 reversal zone boundary for a second time. Following BTC, it appears this market is also gearing up to establish a higher low formation. There is now a new inside bar in place. If the next candle takes out the 442 high, it will activate a buy trigger and The next leg higher can run into the resistance zone around the low...
USDCHF on the daily candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below the nearest dotted lines....
on the weekly, candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below that line. Green arrow = Long...
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
US30 had a inside week last week, and rarely enough, the inside week broke to the upside earlier in the Monday Asia market. It gave a clear mindset for the trading in this week! Before it goes back to break the 24000 fig (inside week low) I would more like to look for long trades than short trades in this week! Long trades includes buy low strategies like demand...
In terms of day trade, I like this set-up so much to participate in the intraday trend. USDJPY just made a new intraday high to break the 111.00 fig and it gave an inside hr here. If it's able to break to the upside, I would like to take this long! If it breaks to the downside first, then this trade doesn't exist anymore. Let's see how it goes!
Last post: June 22nd. See chart . Review: Price was suggesting indecision and a possible pullback in the bull trend back to retest resistance-turned-support. Update: Price did indeed pullback and is today suggesting a possible I B setup. Conclusion: We will wait for the daily closing price and then let our community know if a pullback setup is appropriate...
ETHUSD update: Inside bar has materialized which sets the stage for the next move in this market. With the bearish structure still intact, an attempt toward the 392 reversal zone boundary is likely. The structure to watch for though is a higher low formation between current prices and 392. This would be the bullish confirmation that a broader movement toward...
With the volatility is going wilder, I usually turn to some defensive stocks like consumer goods, retailers, and restaurants! Here we got this YUM, the blue bullish butterfly pattern just hit the entry and formed an inside day; Also, there is a bigger green Gartley pattern entry near 78.00. Accordingly, if the inside day is able to break to the upside on Monday,...
An inside bar/fake-out setup formed in the EURCAD minor pair last week. These types of setups can be very powerful false break signals where large numbers of retail traders were tricked into going one direction and price immediately whips in the other direction, trapping these traders. That can provide strong movement in the other direction as these traders are...
ETHUSD update: Price has reached the bearish trend line and is now hesitating. This is not unusual and was expected, that is why we placed our swing trade target at 540. The question is: what is price more likely to do from here? Lower low? Higher low? Or continuation higher? In case you have not been following our swing trade on S.C., it reached its 55 point...
Patience for AMD investors got paid off greatly as it just made a new high of a decade! These days, these bullish ideas,from 10 followers to 1000 followers, first of all I would like to thank my family...........( ok stop it lol) I still got some from 10.00 that was already taking profit several time and the trailing out below the 14.3 pivot. Here is a good...