Inside bar fake out long
We have seen some inside bars in the short-term uptrend signaling some consolidation or indecision. Today was a volatile day with the BOC announcing interest decisions.
The price broke lower breaking the low of the mother bar but closed inside the range.
This is a high probability signal for a long trade.
I will see if I can enter a little lower than the current price. My stop will be below the wick of the pin bar that formed today.
The price broke lower breaking the low of the mother bar but closed inside the range.
This is a high probability signal for a long trade.
I will see if I can enter a little lower than the current price. My stop will be below the wick of the pin bar that formed today.
Note
Moved stop to BETrade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.