Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Inside candle bars developed on the daily timeframe. Moving averages pointing in direction of trend, down. On the weekly timeframe, no support until low 8600s. Order to short on break of the low of the mother candle.
A succession of inside bars normally leads to a break out and thats what we have here on the daily timeframe.
- Inside bars - Moving averages pointing up - 8ema holding very well - Trend clearly up - Waiting for Mother bar candlestick to break and we'll be above resistance.