Price on the CHFJPY is looking to potentially break lower and make a move in line with the recent strong trend that has been in play on this pair. As I write this summary for you, price is making an attempt at the lows of the recent Bearish Engulfing Bar (BEEB) + Inside Bar (IB) Combo price …
How You Can Trade the ‘Combo’ Trigger Strategy
The ‘combo strategy’ is a highly effective strategy where price forms a reversal trigger signal and immediately follows this up with an inside bar. The candle formations would be something like a Pin Bar, then Inside Bar. Or an Engulfing Bar + Inside Bar etc,. Here is a basic example of what a …
Can Price Break & Continue With the 2 Day USDCHF False Break? | 29th Jul 16
Just lately we have had a spurt of price action triggers and formations that have formed on a time frame other than our 'standard' time frames. That theme carries on here as well, with a large False Break that is also a Bearish Engulfing Bar ("BEEB") on the 2 day time frame chart. This setup will …
