CADJPY FAKEOUT Pattern
● A Fake breakout is a classic price action pattern.
● These setups can best be described as a false breakout from an inside bar pattern
● They can happen with an engulfing or pinbar candlestick pattern
Have a look at the chart above:
● Price was sitting at the 50% Fibonacci level and formed inside bars
● Then we got the breakout below the support zone, the market was bought very quickly and no candle was closed below the outside bar (golden rectangle)
→ Resulting in a Fake Insidebar Breakout pattern.
❗️When looking for trade opportunities always stack the odds in your favor!
❗️In this case we have a support zone, fibonacci level and price action signal.
● These setups can best be described as a false breakout from an inside bar pattern
● They can happen with an engulfing or pinbar candlestick pattern
Have a look at the chart above:
● Price was sitting at the 50% Fibonacci level and formed inside bars
● Then we got the breakout below the support zone, the market was bought very quickly and no candle was closed below the outside bar (golden rectangle)
→ Resulting in a Fake Insidebar Breakout pattern.
❗️When looking for trade opportunities always stack the odds in your favor!
❗️In this case we have a support zone, fibonacci level and price action signal.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.