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Inside Bar

USDCAD - Bullish Countertrend Opportunity (Relief not Reversal)USDCAD was our big winner from last week & now I'm looking for a potential move in the opposite direction as we approach a key level of structure on the higher timeframes. This is a countertrend opportunity which means I'm NOT looking for a full reversal, rather only an opportunity to catch some relief back to the previous level of structure support. Currently the market has given us tweezer bottoms which is a good sign for a potential hold, a higher high, higher close would be enough for me at this level to signal a buy (assuming the risk to reward ratio makes sense). *Not noted, but one of our live room members has been sharing with us his Inside Bar strategy (inside bars are noted with yellow triangles) this would already have been an aggressive entry for him) Akil
Long
by Akil_Stokes
First Swing Trade, Inside Bar PatternHey guys, this is my first "proper" trade setup. I identified Inside bar pattern in 4H timeframe. I set the pending buy order slightly above the low of mother bar. I set the stop loss slightly below the low of mother bar, because I don't want to be part of trade if the inside bar pattern is invalid.😅 If the market doesn't pick me up, then it's okay.😀 Hopefully the market will pick me up 🚌🚌🚌 Let me know your thought 👋
ELong
by UnknownUnicorn16802713
Big inside bars shows likelihood of longer consolidationInside bars are a very strong pattern, and the longer we create more inside bars on the daily, the longer the upside or downside becomes. In this case, the inside bars created have been VERY close to previous highs/lows, which means if this type of pattern holds we could see more inside bars for 2-5 days! If it breaks (and breaks with volume) then the trade will become very simple and clear. Until then we are neither bullish nor bearish. Good luck out there! (Sorry for the color overload, just wanted to show each bar individually)
by dnorth