The inside bar trade setup is a very significant Price Action Setup. It marks indecision and at the same time could mean continuation of a previous trend or a reversal into a new trend. Spotted on the daily chart of the NZDUSD, just above New support Zone, it is expected that the previous bullish trend should continue targeting the next resistance at about 0.8460. If this setup were to fail, the new support would have to give way for any extensive bearishness.
My Recommendation: I may want to wait another day in order to be sure on the pairs direction.
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