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.

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