CHFJPY: Key Weekly Resistance & Correctional Move 🇨🇭🇯🇵
CHFJPY is trading in a bullish trend.
Higher highs & higher lows are respecting the boundaries of a major rising parallel channel.
This week its resistance was reached.
I will expect a correctional move.
Support levels to watch:
122.7
121.2
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Swingtrader
EURCHF: One More Attempt to Buy 🇪🇺🇨🇭
EURCHF is on a key level again.
Looking very oversold, the price formed a double bottom formation.
Bullish breakout of its horizontal neckline leaves a solid bullish clue.
Growth is expected now.
Goals:
1.0735
1.076
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EURNZD: Important Breakout & Bearish Outlook 🇪🇺🇳🇿
Hey traders,
Have you seen this bearish breakout of a key weekly structure on EURNZD.
It opens a potential for a strong bearish continuation.
For entries, consider a wide daily area:
1.633 - 1.663 is the zone from where I will look for shorting opportunities.
I will wait for an occasional retest of that and then will look for a confirmation to sell.
Next support is 1.59
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XAUUSD, ON WEEKLY TIME FRAME WHAT IS EXPECTED TO HAPPENED NEXTOn XAUUSD, after the market created it previous high (H) it fails to create a new it fails to create a new higher high (HH) indicating that this market is still in a range from the weekly time I think my support area is getting very week and if it breaks my recent support and my support turns resistance I’d wait for a retrace before I short my position #usd #pairs #gold #xau #ideas #swingtrade #forextrading
Best Most Possible Buy in Bull run.According to my analysis, I see a good buy in Rallis 313-315 in this bullish market.
Reasons:
1. Supertrend {14/3} generated a buy signal
2. Average Directional Index is above 20* and is rising.
3. 200 ema and 50ema crossing.
Time frame: 1day, Strategy Type: Swing Trade
*ADX above 20 generally suggests that stock is not in sideways.
I firmly believe that Rallis can give 5-20% in 10 to 15 days.
NOTE: This is my personal opinion only, not a tip or something. I am not SEBI registered, this is for educational purposes only, you may use my strategy but I will not be responsible in any way for the profit or losses if occurred.
Pending trade for AUDJPY analysisFX:AUDJPY
This is my analysis for the pending trade. Since my confirmations are not all meet yet, that why it's pending. Great things comes to those how wait, also profitable trades. As you know I'm a swing trader and I don't used any indicators for my analysis I only use resistance, support and trend lines to predict the future. Probably two weeks from today all my confirmations will be confirmed since this is a daily time frame. then from there I'll enter my one of the last trades in 2021.
I just opened this AUDUSD bearish tradeFX:AUDUSD
This is my analysis for my current running trade, As you know I only use resistance, support and trend lines for may analysis. I DON'T USE INDICATORS. Since I'm a swing trader I'm going to hold until second take profit is reached. I also used for confirmations to take trade, this is a daily time frame.
NZDJPY: Very Bullish Outlook 🇳🇿🇯🇵
NZDJPY recently broke and closed above a major daily key level.
Retesting that the price formed a bullish flag pattern on 4H.
Bullish breakout of flag's resistance and multiple dodji candles & engulfing candle on that during the retest
make me think that the pair will keep growing.
Next goal - 78.75
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GOLD ANALYSIS FOR COMMING WEEKWE still have bearish movement on XAUUSD next week i will be expecting a short trade after small pull back to 1D invalidation level...
currently am looking to short till we reach our hidden level and see what we will get at that area if we manage to get a good rejection we will secure our profit and wait for price action of the following month..
GBPNZD: Structure Trading With Confirmation 🇬🇧🇳🇿
GBPNZD is trading on a key daily structure support.
On 4H time frame the pair is ranging.
1.9425 - 1.945 is the resistance of the range
1.9335 - 1.9355 is the support of the range.
To buy wisely, I will look for a bullish breakout of the range's resistance. (4h candle close above the underlined area)
They open your trade aggressively or on a retest.
Goals will be 1.9545 / 1.9645
In case of a bearish breakout of the range, the setup will be invalid.
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EURJPY: Inside Bar & Complete Indecision 🇪🇺🇯🇵
EURJPY is trading on a strong daily key level.
The price formed an inside bar formation on that signifying complete indecision.
On 6H time frame we can see in detail how the price acts:
the pair is stuck within a narrow horizontal trading range.
130.75 is its resistance
130.15 is its support
From a current perspective I see two potential scenarios:
Bullish
In case of a bullish breakout of resistance of the range,
bullish continuation will be expected
Next daily resistance will be 131.07
Bearish
In case of a bearish breakout of support of the range,
bearish move will be expected
Next support will be 129.675
I am on a bearish side and will trade only in case of a bearish breakout,
but who knows.
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An Introduction To Trading Inside Bar SignalsToday’s lesson is an introduction to the inside bar signal and how to trade it. It’s really one of my favorite patterns to trade, especially on the daily chart time frame. Why, you ask?
It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context it formed within, this provides us with an extremely valuable clue about what a market is about to do next.
The inside bar is yet another “tool” in your price action toolbox that will add to your trading strategy which when mastered will help improve your chances of long-term trading success.
Let’s get started with some introductory concepts and theory on inside bars…
What is An Inside Bar?
An inside bar pattern is a multi-bar pattern that consists of a “mother bar” which is the first bar in the pattern, followed by the inside bar. An inside bar pattern can sometimes have multiple inside bars within the same mother bar.
Here is what standard inside bars look like:
As you can see by the image below, inside bars can form exactly in the middle of the mother bar or close to either the high or low, there is not an EXACT way they have to look, just as long as they are contained within high to low distance of the mother bar
4 Variations of Standard Inside Bars
1. Double (multi) inside bar
The “double inside bar” consists of two inside bars within the structure of the mother bar. They are pretty common and often times you will even see 3, 4 or sometimes (rarer) even more inside bars within the same mother bar structure. These patterns signify a prolonged period of indecision in the market and they can come before very powerful breakout moves…
2. Coiling Inside Bars
Coiling inside bar patterns occur when 2 or more inside bars are “coiling” up tighter and tighter like a spring, within one another. Pay special attention when you see these because they mean the market is contracting and just like a spring wound up tighter and tighter, eventually it’s going to “release” and explode into a powerful move (in many cases).
3. Fakey Pattern (inside bar false-break )
The fakey trading pattern is very important in regards to inside bars because there is an inside bar pattern within a fakey. As you can see below, a fakey is actually a false break out from an inside bar pattern. It’s literally where price initially breaks one way from an inside bar pattern, but then quickly reverses, sucking everyone out who was wrong and then charging back the other direction. Obviously, these are giving us VERY intelligent clues as to the next potential direction in price.
4. Inside Bar Pin Bar Combo Pattern
As we all know, pin bars are one of the best price patterns you can trade and when it’s when you get a pin bar that is also an inside bar, that you have an inside bar pin bar combo pattern.
When you combine a pin bar into an inside bar, you are getting both a “wind-up” that is going to be released and a pin bar with a tail / shadow that indicates the next potential direction of the market. Hence, an inside bar is not just a pause in the market, it’s a pause with an extra piece of confluence behind it, and as a result, a more powerful price action signal.
Trading Inside Bar Patterns
There are essentially two main ways we can look to trade inside bars, as with most other patterns; as a continuation signal or as a reversal pattern.
Now, I prefer to trade them as continuation signals in trending markets on the daily chart, because that’s the easiest way to trade them quite frankly. However, inside bars CAN indeed be very powerful at major support and resistance levels as reversals. Let’s look at some examples:
1. Trading Inside Bars as Continuation Move s
The “classic” way to trade an inside bar pattern, and the way that I love trading them the most, is within a trending market, as a continuation move.
An inside bar is much easier to take in a trending market because the odds are already in your favor for trading with the trend. The inside bar will many times lead to a breakout or continuation in-line with the existing trend direction. They can provide a good structure to try to pyramid your trade into a huge win.
Tip : Avoid trading inside bars at major levels until the level has cleared, because many times such inside bars will create a false break at the major level.
2. Trading Inside Bars as “Stall Patterns” / Reversals
Sometimes, you can trade an inside bar as a reversal / stall pattern where price “stalls” out at a level and that leads to a reversal back the other direction.
In the chart below, we can see an example of a good inside bar reversal signal. Notice that the inside bar formed at a key chart level, indicating the market was hesitating and “unsure” if it wanted to move any higher. We can see a strong downside move occurred as price broke down past the inside bar’s mother bar low..
Please note that trading inside bars as reversal patterns should ONLY be tried after you have successfully mastered trading them in-line with the daily chart trend as continuation / breakout plays, as we discussed above.
Special Inside Bar Trading Tip s
Here are some of my tips and tricks when trading inside bars. These are things that I learned over the years that will improve your chances of success when trading this pattern:
1. Tighter inside bar patterns and coiling inside bar patterns often lead to explosive large break out moves. This is because of the “stored energy” that took place as the market “coiled”, that energy typically gets released in the form of a strong breakout move…
2. Patterns containing smaller inside bar patterns allow tighter stop losses and great risk reward, these are the ideal candidates.
3. Be wary of patterns with both very large mother bars and large inside bars, these can often be difficult to trade due to lots of false signals and they make it more difficult to manage risk.
4. My favorite 2 patterns are – Fakey signals and – Inside bar pin bar combos.
5. We must learn to filter inside bars because the one bad thing about them is that a lot of them form across all time frames. However, with proper training and experience on the charts, you will learn to differentiate.
CONCLUSION
This was a basic introduction to the inside bar signal and how I trade it, I cover this pattern and much more in my advanced price action trading courses. Upon joining, some of what you will learn is:
1. More inside bar variations and how to trade them.
2. More example charts.
3. Members trading discussion forum, including inside bar discussion
4. Daily members on-going daily and weekly market commentary where we discuss potential inside bar trade setups as they form.
5. Members trading videos and articles library that includes more in-depth inside bar trading training.
6. Email coaching & Support line.
7. On-going updates for free
I hope you found today’s lesson helpful and inspiring. Inside bars are truly one of the most interesting and powerful price action signals so I hope you enjoyed learning about them and that you’ll continue to do so.
Please Leave A Comment Below With Your Thoughts On This Lesson…
If You Have Any Questions, You can drop your question as comment or message me privately.