Textbook false break reversal setup forming on USD/JPY. Daily inside bar at the upper bollinger band followed by a false break to the upside. Going to enter this trade on the close of the 7/19 candle, placing my stop a little above the high of that day, and my take profit down at the lower band.
These setups are slightly rare, but extremely powerful; they often...
Nice false breakout of the inside bar pattern in line with the daily, weekly and monthly bearish trend. Entered at the close of the 4/4 candle. SL is just above the high of the false break, and and looking to take a 4:1 profit on this trade.
A very beautiful setup which I took without thinking. We got a double top followed by a fakey break above resistance and then a bearish weaker retest of that resistance on the RSI followed by doji/spinning top. Took it and sky dived it down to first target. Second possible target is between the 1.414 and 1.618 fib extension where the next support is. From here we...
