Welcome back from the weekend traders, to kick off this week I would like to discuss a potential Inside Day trade that has formed at the close of last weeks trading (Friday’s Daily Candle). This market is moving downward and is showing off all the qualities of a bearish trend, so only short trades are valid here. In the Price Action Protocol trading course we explain while trending conditions are in play we ideally like to enter trends around the trend mean value, we also like to sell bearish markets during signs of strength to ensure we get the best entry prices.
An Inside Day candle has formed after a market retracement last week, this area is the typical place we would look for trend continuation, so if price breaks the Inside Day low we could see a bearish breakdown in price and possible over all trend continuation.
An Inside Day candle has formed after a market retracement last week, this area is the typical place we would look for trend continuation, so if price breaks the Inside Day low we could see a bearish breakdown in price and possible over all trend continuation.