February 12, 2010 | In: Forex Basics
Forex End Of The Trend Trading
Like any new forex trader, I was looking for that reversal bar that will end a trend. To my surprise, sometimes, its not a reversal pin bar which will end the trend. Sometimes, its an inside bar. Here is a screenshot of the culprit.
The inside of an inside bar can be a series of different bars. What you want to do is wait for the last bar which will tell you what will be the next trend. An inside bar is an indication of a new trend forming or an end of the trend for those who are already riding the wave and needs to get out.