Inside candles seems to be very popular strategy in order to approach the Forex Market.
I was looking few setups the last week and I found that most of them are very good in terms of profitability.
The bad thing is that it takes longer.... because the suggested readings are made on four hour charts and above.
Today I will describe some of possibles formations that can derive on profitable trades for this week.
The rules for the pending orders are based on two candles, when the new candle open the pending order with the primary trend will be placed. If not, the pair remain in a list to watch after two days.
If the price make a inside candle then a pending order to go short could be the option.
The primary trend is to the downside and the price maybe reach the 0.74 area.
If the market makes a inside candle on the 4H chart at the 1.33 / 1.335 area, a pending order to go short is my plan.
If the price makes a inside candle at support a long entry could be a good idea.
My plan is place a limit order to try a good spot at bounce, this is risky because I don't know how deep the to…