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.


EURGBP Weekly

Short positons closed on Wednesday, 12th February.



Now watch out the "wedge" pattern on weekly chart.


niedziela, 9 lutego 2014