Price Action
Main Fakey. Nial Fuller
This is a classic variant, as one or more false candlesticks break the high or low of the mother candlestick, before rolling back in the opposite direction. Thereby forming a false breakout of the mother candle.
It is possible to enter here after the initial false-break, or on the break in the opposite direction of the parent...
The Market is downtrend for more than a year and last week it broke the support level and it take a retrace and formed a Two Bar fekey+IB combo. Expecting to go further low.
Since the weekly support level is bit ahead, better to keep the TP close
EURUSD: Bearish Fakey Setup
Price Action: Price sold off from the recent Bearish Fakey Setup that had formed just under the 1.1482 – 1.1523 key resistance area, late last week (We suggested selling from this setup in the February 11th Newsletter).
The recent Potential Bullish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some...
