Please see annotated chart for details.
As title says. I'll be fading this back up to the daily pivot, which coincides with recent structure and the 38.2% retracement
USDJPY daily inside bar breakout. Just watching this for demonstration purposes.
I'm taking a small fade back up to recent structure within this Inside Bar
Hi all, please see this chart first, and press the "load new bars"/play button and see how it played out: I recently took notice of such formations and have come to appreciate its usefulness. RATIONALE: When a pair trends in a certain direction, and such a formation forms, it usually indicates indecisiveness/loss in momentum of the prevailing trend, because...
Using divergence , Stochastic bearish this time, a temporary short position has lined up on the 4 hour time frame on EUR/GBP. Price has given an inside bar below resistance and the 1.618 Fibonacci extension level . Targets may be placed at previous support where price could go to.
A short term long trade/counter trend trade on the 4 hour time frame taking cue from Stochastic bullish divergence and an inside bar at support and price hitting the 1.272 Fibonacci extension level. A possible pull back into previous resistance is likely where profits may be collected.
Coffee has been ranging between ~106 and 127. Price touched the bottom of the range and today's activity closed as an inside bar/candle indicating indecision, hence the potential to take a long position and reach for the top of the range. entry - above high of inside bar stop loss - below low of mother bar target - top of the range at ~127
I'm almost expecting this to creep higher to trap the buyers into the market.