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Inside 4 Bar Formation. Inside 4 Bar Formation. 1. this is a combination of a bar that is the smallest of the last four and an inside bar against the previous bar. 2. This set up has a tendency to give a heads up for pending breakouts.
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Inside 4 Bar Formation 1. this is a combination of a bar that is the smallest of the last four and an inside bar against the previous bar. 2. This set up has a tendency to give a heads up for pending breakouts. 3. This set up should be practiced first on daily and weekly charts before trying intraday. 4. This set up can be traded in one direction or can be traded as a stop and reverse. Knowing where support and resistance levels are will help you determine the likely direction. Lets go to the charts
Things To Consider Q: Now the question is what do i do if my trade triggers, goes 15 pips and then reverses? Do i just wait and see if my stop and reverse is triggered for a large loss and then hope for a run in that direction far enough to compensate for the loss incurred during the stop and reverse move? Note: • there is nothing wrong with getting out early if your not comfortable. • Move your stop loss to breakeven ASAP
Inside Bar • An Inside Bar Can Form But It May Not Meet The Criteria Of Being The Smallest Of The Last Four Bars. • What We are going to Look At Now Are Just Simple Inside Bars That Can Also Be Traded.
