Sonakshi Arora Shrivastava / Профиль
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4 года
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Sonakshi Arora Shrivastava
Safest signal ever, consistent return with less DD
https://www.mql5.com/en/signals/1578320
https://www.mql5.com/en/signals/1578320
Sonakshi Arora Shrivastava
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend.
Sonakshi Arora Shrivastava
An inside bar pattern is a multi-bar pattern that consists of a “mother bar” which is the first bar in the pattern, followed by the inside bar. An inside bar pattern can sometimes have multiple inside bars within the same mother bar.
Sonakshi Arora Shrivastava
A fakey pattern in the market means that a false-breakout of an inside bar pattern has occurred. In other words, a fakey is when price initially breaks one way from an inside bar pattern but then price snaps back the other direction, creating a false break of the inside bar structure.
The fakey setup is a very strong signal that price may continue to move in the direction opposite the false-break. So, if for example, an inside bar setup false-breaks to the upside, forming a ‘bearish’ fakey pattern, the implication is that price may continue moving lower, opposite to the direction of the initial breakout.
The fakey setup is a very strong signal that price may continue to move in the direction opposite the false-break. So, if for example, an inside bar setup false-breaks to the upside, forming a ‘bearish’ fakey pattern, the implication is that price may continue moving lower, opposite to the direction of the initial breakout.
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