Fakey Setup:
The fakey trading strategy is another bread and butter price action setup. It indicates rejection of an important level within the market. Often times the market will appear to be headed one direction and then reverse, sucking all the amateurs in as the professionals push price back in the opposite direction.
As we can see in the illustration to the right, the fakey pattern essentially consists of an inside bar–> setup followed by a false break of that inside bar and then a close back within its range. The fakey entry is triggered as price moves back up past the high of the inside bar (or the low in the case of a bearish fakey).
THIS PATTERN WILL BE VERY GOOD TRADE SET UP TO TRADE
View attachment 19357
View attachment 19358
DETAILS:http://www.learntotradethemarket.co...ice-action-setups-pin-bars-fakeys-inside-bars
The fakey trading strategy is another bread and butter price action setup. It indicates rejection of an important level within the market. Often times the market will appear to be headed one direction and then reverse, sucking all the amateurs in as the professionals push price back in the opposite direction.
As we can see in the illustration to the right, the fakey pattern essentially consists of an inside bar–> setup followed by a false break of that inside bar and then a close back within its range. The fakey entry is triggered as price moves back up past the high of the inside bar (or the low in the case of a bearish fakey).
THIS PATTERN WILL BE VERY GOOD TRADE SET UP TO TRADE
View attachment 19357
View attachment 19358
DETAILS:http://www.learntotradethemarket.co...ice-action-setups-pin-bars-fakeys-inside-bars
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