Bars 1-2 with many bearish tails
bar 3 - breakout down of the trading range
bar 4 - outside bar, now we have failed breakout
bar 5 - strong bearish reversal, now we have failed failed breakout, and the market went down.
niedziela, 16 lutego 2014
AUDNZD M5, Price Action, failed failed trading range breakout
Just for educational purposes - I was looking for pattern which could be called "failed failed trading range/wedge breakout". You can see many of them quite often. See this example, AUDNZD, M5.
Bars 1-2 with many bearish tails
bar 3 - breakout down of the trading range
bar 4 - outside bar, now we have failed breakout
bar 5 - strong bearish reversal, now we have failed failed breakout, and the market went down.
Bars 1-2 with many bearish tails
bar 3 - breakout down of the trading range
bar 4 - outside bar, now we have failed breakout
bar 5 - strong bearish reversal, now we have failed failed breakout, and the market went down.
EURGBP Weekly
Short positons closed on Wednesday, 12th February.
Now watch out the "wedge" pattern on weekly chart.
Now watch out the "wedge" pattern on weekly chart.
niedziela, 9 lutego 2014
EURGBP, H4
Interesting synergy. Resistance level and a few important lines. Considering short position...
piątek, 31 stycznia 2014
EURUSD M5 Price Action
Dzisiaj wstawiam setup, który niestety przeoczyłem, a który szczególnie lubię. Formacja wyspy odwrotu (świece pomiędzy nr 1 a 2) jako False Breakout, powrót pod wyłamane (dwa) opory i próba wejścia Short na pierwszym L1 lub L2 (swieca nr 3). Z L1 należałoby się powstrzymać - było po dwóch wzrostowych doji.
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