Inside Bar
NZDUSDin the NZDUSD pair I saw an opportunity to go short if price break 0.7222 area. You can open a sell stop or you can do the price action in this position. the first target at 0.7177 area, the second target in the area of 0.7132, stop loss if the price bounces back to the area of 0.7267 - 0.7312.
PascalCoin / Bitcoin - Breakout buy of consolidation - PASCBTCHi,
Well, i'm going to try this setup on this inside bar. you should be able to get all the info you need from the chart.
The setup is in blue and the analysis is in yellow.
Cheeeeeeeers!
Mark
GBPCAD DAILY INSIDE BAR SHORTTraders!
We have got pretty interesting trade here on the GBPCAD Daily Chart.
It is Inside Bar Price Action Formation. This signal tells us that we can sell with a Stop Order On The BREAKOUT POINT of that formation which is @ around 1.6403 level. This inside bar is completed at a key resistance level (the upper red one line), and that means a signal for a counter-trend trade
Since the Mother Bar of that Formation is quite big here, we can put our Stop Loss on a 50% retracement of the mother bar.
Good luck!