Inside Bar
AAPL (Daily Chart) Looks bearish on the daily here even tho AAPL has been stronger stock as of late. Showing an inside day doji candle w/ a neg. close from the open which shows indecision to bearish sentiment. If strong stocks breakdown or leaders of the market then what does that say about the market in general? Could be an early sign of a retrace in the markets or at least a short-term retrace here. AAPL looks to retrace to around 114.50 which is near the 8dma.
EURUSD - Rising Wedge and a Right ShoulderThe recent rally in EURUSD has morphed into a rising wedge pattern with the H4 forming an inside bar . A break out from the IB's low set up of 1.12224 could see further declines.
The Head and Shoulders neckline support is seen at 1.1140 - 1.1120. A breakout below this could see the declines extend to 1.100 (round off from 1.098 - 1.096).
Short positions on breakout below 1.12224 with stops at 1.12570 offers a favorable set up with targets at 1.1180 (for the rising wedge), 1.1140 (neckline support) and 1.10 (min. target of the head and shoulders pattern)
Gold, showing weakness to the upside4-Hour chart in XAUUSD shows the head and shoulders formation after strong momentum led gain. 1340 is the line in the sand on the 4-hr time frame. A ' Close ' above 1340 will invalidate the pattern and further gains can come on a breakout above 22/09 doji high of 1342.56.
The doji inside bar on daily is currently forming indicating a potential building up of price momentum. If the head and shoulders is validated, by a breakout below 1336, then expect declines to 1331.13, marking the 22/09 doji low followed 1324, which completes the downside correction.
EURUSD forming sell signals as we know that this pair has very less trend, it is much choppy, Well we have a short signal in daily time frame,
There is inside bar setup after rejection from resistance, however it is not Key Level resistance but it is,
our entry is triggered after mother candle breakout and market is also getting rejection from mother candle which is indicator to show that it is ready to go down. don't forget to like my analysis. I hope it will help you in your trading. Thank you
USDCHF inside bar short Looks like the USDCHF pair has formed an inside bar on the 1D chart. Target could be set at the completion of a possible ABCD pattern near the 1.272-1.414 fib ext, which is also near structure so one could also wait for bullish rebounding signals as well. Just my two cents though, any other suggestions feel free to comment.
Nifty : Insider's Inside Bar - Channeling !We have an Inside bar from friday, though the high's n low's of the pattern broke yesterday with wicks many might have taken swing trades and got stopped out in Nifty.It happens, Thats why conservative traders like us who are very aware of risks, wait for valid close of candle. So in Nifty with the GST gonna get passed by tomorrow I expect candle close above or below the marked lines within wednesday to get directional trades in Nifty.
Don't miss out we have channeling also, so if you want to trade channel breakouts, go for it.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
USDJPY INSIDE BAR BREAKOUT (BULLISH OR BEARISH) PENDING ORDERFX:USDJPY
INSIDE BAR BREAKOUT (BULLISH OR BEARISH) PENDING ORDER
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BUY PENDING ORDER
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ENTRY: 10 PIPS ABOVE 107.49
STOP: 74 PIPS
TAKE PROFIT: 148 PIPS
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SELL PENDING ORDER
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ENTRY: 15 PIPS ABOVE 107.49
STOP: 74 PIPS
TAKE PROFIT: 148 PIPS
Best of Luck
Trade with Care
Money Management is the key to success!
Inside barStill downtrend but potential reward
price move up with strong momentum
SL. @ red candle shadow
TP @ near key level
EURUSD formed an inside bar - Breakout in the making?After rallying strong on last Friday's NFP print, EURUSD has remained flat on Monday/Tuesday, forming an inside bar at the top end of the rally. A breakout is therefore likely to set the direction in the near term.
To the upside , 1.140 is the key level to watch, a break higher could extend gains above 1.140 but keep prices range bound below 1.15.
To the downside , 1.130 is the key level to watch out for which could see EURUSD slide towards 1.120 and to 1.10.
For you Fib fans, 1.1418 remains the 61.8% retracement level of the previous decline from 03/05 highs of 1.16163 and 30/05 lows of 1.10978.
EURUSD 4H BULLISH INSIDE BAR CALLS FOR A REVERSAL (1,1340/R65) !Bullish inside bar showed up on EURUSD 4H chart that calls for a possible reversal UP to FIBO retracement levels of 1.1340 / 1.1370 as ideal targets. Stop loss is set 10 pips below frday's low around 1.1270
