Note the respected 1512 level marked and how a candle pinned the level and the yellow bar I was waiting for price to reach.
1. Rejection candle
2. Second candle is an inside bar
3. Top bollinger pinned
4. Capped trend line holding
Ideally the confirmation will be a breakout from the inside bar pattern to the down side, this is where I will look to open my short position. This setup offers excellent risk to reward ratio and the target can be provisional (reversal pattern on daily time frame).
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
1. Rejection candle
2. Second candle is an inside bar
3. Top bollinger pinned
4. Capped trend line holding
Ideally the confirmation will be a breakout from the inside bar pattern to the down side, this is where I will look to open my short position. This setup offers excellent risk to reward ratio and the target can be provisional (reversal pattern on daily time frame).
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.