An inside bar when it occurs usually alerts to indecisiveness in the market, so could act both as a trend changer or continuation, depending at what stage of the market it is found. In the EURCHF today, we have an Inside Bar trade Setup, just above Support. Before the formation of the inside bar, price had only been able to pierce the 1.2300 psychological support, closing above it eventually. Today, price has also closed above this level and we also have seen a minor breakout in the lower time frames (Which is where we determine whether an entry could be made or not). This points to bullish expectations for the rest of the week and if the setup pulls off, the 1.2400 Resistance (Supply Zone) may not be able to hold the thrust.
Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.
2 comments:
Ahize, you are too much in your analyses. keep it up. ADEBISI from Lagos.
Thanks Adebisi
Post a Comment