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Thursday, March 25, 2021

(Ex) Powerful Outside Bar Setup

(Ex) Powerful Outside Bar Setup

GBP/JPY OANDA:GBPJPY

Patterns Of Outside Bars (Very Powerful Reversal Two Candle Setup)

Bullish Setup:
Setup Must Be Preceded By Downtrend
Two candle Outside Bar setup (1 hour of higher is best time frame)
Support and Resistance area

Bearish Setup:
Setup Must Be Preceded By Uptrend
Two candle outside bar setup (1 hour or higher is best time frame)
Support and Resistance area

Might want to use this reversal two candlestick outside bars, especially at fib retracement golden area (50%-61.8%), trend, support & resistance areas.

* Yesterday GBP/JPY session was bullish over 100 pips and with a stop loss early in session you could have made one or more profitable trades, always risk management and price action is highest always, when trading Forex.



from Trading Ideas https://ift.tt/2NTIRel
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