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Inside Bar

AUDUSD Trade IdeaTrading pure price action here...using H2 time frame # Price has broken the support # Then pinned from the under side (as resistance) # Sell signal printed (inverted hammer) # Also note the inside bar pattern and the hammer as the fakey... Selling at market price 0.69911 with my levels as follows: # SL above the 0.7000 pivot/resistance/pinned level # Tp lower down at support as can be seen on the weekly time frame (see attached link) As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in Forex Bootcamp using the Telegram link below for real time updates
Short
by Cmasterza
USDPLN - (Bullish) Inside Bar / Pin Bar Fake-Out within TriangleIn USDPLN we have a nice bullish setup on the weekly charts with a bullish inside bar / pin bar fake-out that has formed off of the bottom of a rising triangle. There have been numerous attempts to break out of this rising triangle, with a number of the attempts producing bearish pin bars which saw price drop immediately lower. Even so, price has continued to produce higher lows. This latest pin bar that has formed may be the setup that finally gets this pair to break out of its rising triangle.
Long
by krugman87
EURUSD - (Bearish) Inside Bar / Pin Bar Fake-OutThe EURUSD has formed a bearish inside bar / pin bar fake-out. This has formed on the weekly charts. There are a number of things to really like about this setup: not only is the pattern itself large and well defined, it is also setting within a larger overall bearish trend, and has formed just beneath some key resistance levels. It really checks all of the boxes for things I look for in a good setup. One of the negatives of this trade is that price is sitting just above a local support level. Due to that fact, we may see price retrace a bit higher early next week before attempting to break lower.
Short
by krugman87
XLE - Bearish Inside Bar Pin Bar Fake OutAn inside bar / pin bar fake out pattern has formed on the XLE weekly chart. This pattern has formed just below a key resistance level as well as the 50% retracement of the last swing high/low, which is exactly the area we want to see this form. One negative with this setup is that price has formed a very sharp v-shaped reversal off it's lows. That doesn't mean that the pattern is untradable but it does mean any trades taken here need to be aggressively defended, and profit targets not be too aggressive.
AMEX:XLEShort
by krugman87
NZDUSD - Bearish Pin Bar Setup within PennantThe NZDUSD pair has formed a nice, large bearish pin bar. The pin bar has a lot of positives going for it such as a very large upper wick, narrow body, and also the fact that it has closed below the upper trend line of the pennant that is currently forming. The negatives with this setup that I think weakens it a bit is the fact that price is still contained within what I consider the support/resistance zone. Price closing below that zone would have really strengthened the setup. In addition, price leading into the pennant was quite bullish. Taking all of that into consideration, I think the setup is tradable, but I would not become too much of a hero with profit levels.
Short
by krugman87