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Video Synopsis – Trade the Inside Bar and Inside Day in Forex
We are looking at an inside bar breakout reversal setup in this video. This video shows a massive rejection of 1.4900 that occurred the previous week. Yesterday’s price action formed an inside bar inside the range of the previous periods’ mother candle. Friday’s bearish rejection of higher prices likely means any move lower will probably at least move into the 3-day lows.
Based on the massive rejection last Friday, the momentum does seem to have stalled and we will likely see some negative momentum. The inside bar setup can often work very nicely when occurring at major reversal / swing points like what we have seen in this video.
Click here for more information on this setup: Forex Trading – Trading Inside Days
dru said,
February 20, 2011 @ 7:37 pmnice information