DislikedHow about this chart of EUR/CHF. Would the inside bar formed on the 8th Oct have been a suitable trigger to go short? At 1.3500 level and at trend line. Just beyond 61.8 Fib retracement.
Cheers
MarkAttachmentIgnored
Sorry... I've just been informed that I missed this post from my replies.
On my feed the inside bar formed on the 11th (using the 8th as the engulfing bar) and was a fair trigger to short. I say fair because I believe inside bar setups to be less reliable than shooting stars/hammers or engulfing bars but at the right location they work out.
Price is heading back up to 1.3500 today and I will be watching again to see what happens... if we get another trigger setup to go short again I will sell again but if not and price breaks up above I will be looking for a position to get long.
Regards,
Dan