GBPJPY – SPOT: Buying On A Breakout Above The Bullish Inside Bar + Pin Bar (Combo Setup)
Price Action: Price formed a Bullish Inside Bar + Pin Bar (Combo Setup) overnight.
Price moved higher from the Inside Bar Pattern that had formed earlier this week (We did not consider trading this pattern).
Price moved higher from the prior Bullish Fakey + Pin Bar Setup that had formed late last week.
Potential Trade Idea 1: We are considering buying on a breakout above the Bullish Inside Bar + Pin Bar (Combo Setup).
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal (Which is a part of the prior Bullish Fakey Setup).
Price Action: Price formed a Bullish Inside Bar + Pin Bar (Combo Setup) overnight.
Price moved higher from the Inside Bar Pattern that had formed earlier this week (We did not consider trading this pattern).
Price moved higher from the prior Bullish Fakey + Pin Bar Setup that had formed late last week.
Potential Trade Idea 1: We are considering buying on a breakout above the Bullish Inside Bar + Pin Bar (Combo Setup).
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal (Which is a part of the prior Bullish Fakey Setup).